Skip to main content

Tech industry AI venture deals total $759.3m in Middle East


 According to GlobalData's transactions database, $759,3 million in technology industry artificial intelligence venture financing deals were announced in the Middle East and Africa in Q2 2022, led by $142 million in venture financing of Coralogix.

The amount represented a decline of 14.1% from the previous quarter and an increase of 1.1% over the average of the previous four quarters, which was $751.33m.

In Q2 2022, the Middle East and Africa accounted for 6.27% of the $12.11 billion in venture capital deals for artificial intelligence in the worldwide technology sector. Israel ranked first in the Middle East and Africa for the value of artificial intelligence venture funding deals across the technology industry, with deals totaling $755.1 million and a 6.24% stake.

A total of 36 artificial intelligence deals were made in the Middle East and Africa during Q2 2022, a reduction of 14.29% from the previous quarter and an increase of 0.70% from the four-quarter average. 28 deals were made in Israel during the month.

In Q2 2022, the top five artificial intelligence venture funding deals represented 60.2% of the total value. Against a total value of $759.3 million for the quarter, the top five technology artificial intelligence venture capital agreements had a combined value of $457 million.

This research eliminates any cancelled and rumoured deals and only takes into account announced and completed artificial intelligence deals from the GlobalData financial deals database. According to the target firm's headquarters and dominating industry, country and industry are defined. Acquisitions include both closed transactions and those that are still in the bidding process.

GlobalData collects real-time information from tens of thousands of corporate websites and other trustworthy sources about all merger and acquisition, private equity/venture capital, and asset transaction activity occurring globally
Labels:

Comments

Post a Comment

Popular posts from this blog

“Stepping Forward for the Betterment of the Country”

  Here’s something I want to share today. It’s about how there are chances of it turning into another sort of geo-monetary worry for states who dread that their vital financial influence will be subverted. Additionally, Suez Canal can be utilized by non-state entertainers as a monetary instrument to accomplish vital destinations. Notwithstanding their expressed places of keeping the channel open to worldwide exchange, significant forces have regularly played with making elective courses, though with restricted achievement. Notwithstanding, seen from the carefully adjusted international and geo-monetary stances in the Middle East, the Suez Canal could be an indicator for the district's financial fortunes.   Moreverc to guarantee they procure profits, all partners should keep on putting resources into the Suez Canal's security and life span to support financial advancement. In the most dire outcome imaginable, however, the waterway could in a real sense cripple worldwide excha...
Post a Comment
Read more

Jenna Ortega talks about Wednesday Season 2

  Jenna Ortega, a successful American actress who rose to fame with the Wednesday series, has opened up about season 2 of Wednesday. Jenna Ortega, the show's leading lady, extensively spoke about Wednesday season 2. She talked about major updates on the genre of Season 2. She confirmed that season 2 contains horror elements. In an interview with Variety, the Wednesday actress stated, “We have decided that we want to lean into the horror aspect of the show a little bit more. Because it is so light-hearted, and a show like this with vampires and werewolves and superpowers, you don’t want to take yourself too seriously.” She said that season 2 ditched the idea of a love interest. In March this year, she confirmed the second season of Wednesday. She said that the series would focus more on horror and less on romance. In a Saturday Night Live episode, she said that the character of Wednesday Addams would be an individual going forward in the second season of the series. The ac...
Post a Comment
Read more

“Iraq is Utilizing What They Have Right Now”

Here’s something good that I want to share with what I read today. It’s about  how Iraq utilizes a decentralized arrangement of administration, the Gulf countries and their organizations can investigate such financial possibilities with different individual Iraqi governorates, directed by the national government. This can likewise make a sound rivalry among Iraqi governorates to offer better costs and more good arrangements with Gulf organizations, as the two sides advantage. For me, Iraq needs huge monetary and monetary support. Monetary guide bundles can just reduce some tension on the present moment. Aside from Iran, there is insignificant territorial interest in Iraq's private area. Tehran's interest in Iraq has not given remarkable monetary advantages, for the most part because of authorizations. Inlet countries ought to investigate Iraq as a feasible competitor for their business ventures, and they can even use Jordan as a middle person to shape a solid financial ternio...
Post a Comment
Read more