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 deal
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