That's when compared with the last 12-month average, according to GlobalData’s deals database.

A total of 436 deals worth $4.52 billion were announced in April 2020, compared to the 12-month average of 620 deals.

Venture financing was the leading category in the month in terms of volume with 296 deals which accounted for 67.9 percent of all deals.

In second place was mergers and acquisitions with 116 deals, followed by private equity with 24 transactions, respectively accounting for 26.6 percent and 5.5 percent of overall deal activity in the country’s technology industry during the month.

In terms of value of deals, private equity was the leading deal category in the US technology industry with total deals worth $3.77 billion, while mergers and acquisitions totalled $608.37 million and and venture financing deals were $150.22 million.

The top five technology industry deals accounted for 22.3 percent of the overall value during April 2020. The combined value of the top five technology deals stood at $1.01 billion, against the overall value of $4.52 billion recorded for the month.

The top five technology industry deals of April 2020 tracked by GlobalData were:

• Altimeter Capital Management, Coatue Management, Franklin Resources, Index Ventures and Sequoia Capital Operations’ $250 million venture financing of Confluent
• The $250 million venture financing of Cohesity by Baillie Gifford &, Cisco Investments, DFJ Growth Management, Foundation Capital, Greenspring Associates, Hewlett Packard Enterprise, Sequoia Capital Operations, SoftBank Vision Fund 1, Sozo Ventures and Wing Venture Capital
• M12 Ventures’ $215 million venture financing of PsiQuantum
• The $150 million asset transaction with Intel by MaxLinear
• Rapid7’s acquisition of DivvyCloud for $145 million.