Announced: December 2025 Deal Value: $20 B

The largest deal of Q4 2025 happened in December, when language processing units and software provider Groq sold its AI inference technology assets to Nvidia for approximately $20 billion representing a 40 times exit revenue multiple. As part of this agreement, part of the Grog’s leadership team will join Nvidia to help advance and scale the licensed technology. This acquisition deepens Nvidia’s foothold in the AI inference market and helps to strengthen its dominance in the AI hardware market.

Announced: December 2025 Deal Value: $7.75 B

In the cybersecurity space, asset intelligence cybersecurity platform Armis was scooped up by IT service management software ServiceNow for $7.75 billion at almost 23 times its revenue to strengthen its cybersecurity capabilities across all connected devices and any asset types in the age of AI.

Announced: December 2025 Deal Value: $11.5 B

Global tech giant, IBM, pocketed open-source enterprise data streaming platform Confluent for $11.5 billion in cash at 10 times revenue to bolster its cloud and AI data infrastructure capabilities. With this deal, IBM aims to create a smart data platform for enterprise Generative AI to drive intelligence and resilience in hybrid cloud environments.

Announced: November 2025 Deal Value: $3.3 B

As the cybersecurity market boomed with AI-enabled technology deals, next-generation observability software Chronosphere was bought in November by Palo Alto Networks for $3.3 billion at about 21 times revenue to address the massive data demands created by modern AI workloads. As existing observability tools were not built for the AI era, full observability has become cost prohibitive for many organizations. Chronosphere is changing the landscape with its combination of open source and architectural techniques by making it possible to deliver observability at one-third the cost of other leading solutions.

Announced: October 2025 Deal Value: $5.4 B

ABB divested its Robotics division, which ranks as the second largest globally, to Japanese financial holding company SoftBank Group in a $5.4 billion deal with a 2.4x revenue multiple. SoftBank is actively investing in AI to position itself at the center of the potential AI boom. And this deal highlights next frontier in the AI market which is Physical AI – fusion of Artificial Super Intelligence and robotics.

Announced: December 2025 Deal Value: $17.5 M

French graph visualization and analysis software Linkurious was pocketed by Australian investigative analytics software firm Nuix in about $17.5M deal to boost the company’s data analytics and visualization capabilities. Linkurious is an existing Nuix technology partner, and the two companies share a number of customers. Thus, combining their teams enhances their sales and distribution opportunities and creates new use cases for the buyer.

Announced: December 2025 Deal Value: Undisclosed

In the Information Management sector, Swedish customer experience and communication platform Metaforce was acquired by German enterprise content management company SER Group, which is owned by one of the top acquirers in the AI space, TA Associates. This acquisition enhances SER's ECM platform with personalized customer communication management capabilities and enables customers to generate, store, and govern documents intelligently and compliantly across the entire document lifecycle. It also broadens the company’s geographic reach in the Nordic region.

Announced: November 2025 Deal Value: $250 M

In the US defense landscape, decision intelligence for critical operations BigBear.ai spent $250M or 10 times revenue equivalent on a multi-modal Generative AI platform built for defense, national security and highly regulated operations, Ask Sage, to beef up its position in the secure AI infrastructure market. Ask Sage’s platform has a cloud-agnostic design and holds the highest-level accreditation under FedRAMP, which became its key competitive differentiator. BigBear.ai plans to integrate it throughout its portfolio, cross-sell to its existing client base, and leverage the Ask Sage marketplace as a new distribution channel for compliant AI solutions.

Announced: October 2025 Deal Value: Reported $200M+

AI in media revolutionizes modern content creation and personalization by automating tasks and enhancing experiences through analysis of user data, while also enabling new creative avenues like synthetic media including virtual actors and AI art. AI-generated content has already become an irreplaceable part of our reality. It often spreads viral across social media and turns out to be more realistic day by day. While it is a concern for some, it also becomes an opportunity for many tech companies in that space. For instance, in October, one-year-old Israeli AI media generation startup Weavy AI was picked up by the U.S.-based collaborative interface design tool Figma for more than $200M to strengthen its AI capabilities and integrate advanced video editing tools into its product suite.

Announced: October 2025 Deal Value: Undisclosed

Leading IT services and consulting firms continued to actively pursue targeted acquisitions of specialized AI services companies to enhance their market positioning and capabilities. Notably, in October, Accenture scooped up UK-based AI consultancy Decho Group to scale its Palantir and Generative AI offerings for clients across the health, government, defense and commercial sectors.