NEW TECHNOLOGY powered by FUJITSU — May 7, 2021 at 10:00 am

Europe’s technology industry saw a rise of 26.76% in artificial intelligence deal activity in Q1 2021

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Led by $1.6bn acquisition of Yandex, Europe’s technology industry saw a rise of 26.76% in artificial intelligence deal activity during Q1 2021, when compared to the last four-quarter average, according to GlobalData’s deals database.

20210223-pr-microcips-ai-artificial-intelligenceA total of 212 artificial intelligence deals worth $5.05bn were announced for the region during Q1 2021, against the last four-quarter average of 167.25 deals.

Of all the deal types, venture financing saw most activity in Q1 2021 with 141 deals, representing a 66.5% share for the region.

In second place was M&A with 60 deals, followed by private equity deals with 11 transactions, respectively capturing a 28.3% and 5.2% share of the overall artificial intelligence deal activity for the quarter.

In terms of value of artificial intelligence deals, M&A was the leading category in Europe’s technology industry with $3.37bn, while venture financing and private equity deals totalled $1.56bn and $116.07m, respectively.

Europe technology industry artificial intelligence deals in Q1 2021: Top deals

The top five technology artificial intelligence deals accounted for a 75.7% share of the overall value during Q1 2021.

The combined value of the top five artificial intelligence deals stood at $3.82bn, against the overall value of $5.05bn recorded for the quarter.

The top five technology industry artificial intelligence deals of Q1 2021 tracked by GlobalData were:

• Janus Henderson Group’s $1.6bn acquisition of Yandex
• The $1bn acquisition of Adjust by AppLovin
• 70Ventures and Practica Capital UAB’s $610.8m venture financing of Biomatter Designs
• The $450m acquisition deal with Runtime Collective by Cision
• Medallia’s acquisition of Decibel Insight for $160m.