Announced: March 2026 Deal Value: Estimated $1.1 B

California-based master data management software Reltio was taken by German enterprise software giant SAP for an estimated $1 billion or more at 6.5 times its revenue to boost its SAP Business Data Cloud capabilities by integrating data across both SAP and non-SAP applications for AI agents. It supports its evolution into a fully interoperable enterprise data platform for enterprise-wide agentic AI.

Announced: February 2026 Deal Value: $1.2 B

Indian AI acceleration cloud platform Neysa received over $1 billion majority investment from a New York-headquartered investment giant Blackstone and other co-investors to support its next phase of growth and the advancement of India’s AI transformation.

Announced: January 2026 Deal Value: Reported $2 B

Israeli audio processing and contextual sensing startup Q.ai was pocketed by Apple for reported $2B to enable its wearables devices to interpret whispered speech and enhance audio in noisy environments. Moreover, Q.ai last year filed a patent application to use "facial skin micromovements" to detect words mouthed or spoken, identify a person and assess their emotions, heart rate, respiration rate and other indicators, which potentially might help Apple to enhance their Vision Pro headset.

Announced: January 2026 Deal Value: $5.2 B

The largest deal of Q1 2026 was announced in January, when Utah-based AI-powered spend management software developer Brex joined forces with Virginia-based bank Capital One in a $5.15 billion stock-and-cash deal, which is one of the largest bank-fintech deals to date. It allows Capital One to expand into business payments and expense management in order to compete more directly with software-driven finance platforms. Additionally, in August last year Brex secured EU Payment Institution license, becoming officially authorized to operate across the entire EU. Thus, this acquisition broadens Capital One's reach into European corporate banking.

Announced: March 2026 Deal Value: €404 M ($468 M)

As AI becomes more closely tied to national security, industrial competitiveness, and digital sovereignty, states are taking a more active role in securing core infrastructure and domestic capabilities. Governments are no longer acting only as regulators, but increasingly as direct investors and strategic owners of critical AI and computing assets. For example, Atos Group’s HPC, quantum, and AI divisions business unit Bull, formerly known as Eviden, was bought by the French government in a historical $468 million deal. The business is strategically important to the state and generated an estimated $810 million in revenue in fiscal year 2025. Its supercomputing division builds systems that support France’s nuclear defense modelling capabilities.

Announced: March 2026 Deal Value: Undisclosed

Amazon started the year accelerating its robotics M&A strategy by acquiring two physical AI startups in March – Fauna Robotics, a US-based humanoid robots specialist, and Rivr, a Swiss developer of stair-climbing delivery robots, which signals a push beyond warehouse automation into consumer, commercial, and last-mile delivery solutions. Their technology will allow Amazon to research and test how Physical AI can be integrated into delivery operations, including helping DAs carry packages from delivery vehicles to customer doorsteps.

Announced: February 2026 Deal Value: Undisclosed

An AI solution for telecom and communications from Singapore-based software company, Avanseus was scooped up by the global Irish IT services and consulting powerhouse Accenture, allowing it to create AI/ML models for prediction, anomaly detection and optimization for complex network operations. The solution is expected to strengthen Accenture’s autonomous telecom network capabilities while helping operators reduce cost pressures and meet rising demand for AI tools to manage increasingly complex infrastructure.

Announced: January 2026 Deal Value: $270 M

CRM has seen a notable increase in deal activity In January, lead management and customer communication software creator Hatchify out of Virginia was wrapped up by California-based online business directory Yelp for $270 million at nearly 11x revenue as the last one aimed at delivering more powerful AI tools for local businesses to increase conversion rates.

Announced: January 2026 Deal Value: Reported $100 M

In California, one of the top acquirers in the AI Tech M&A market OpenAI actively expands into the healthcare vertical with the acquisition of medical memory for AI context engine Torch Health for reported $100 million to beef up ChatGPT Health which launched just recently the same month, in January. It helps to solve the "context problem" in medical AI that stems from the fragmentation of patient data, longitudinal records scattered across disparate EHR systems, pdf lab reports, and siloed wearable metrics. Torch opens the way for synthesizing this fragmented data for personalized health surveillance.