AI, LBOs, and Quantum Computing | September 2025 Tech & Software Transactions

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In September, technology dealmaking surged to new heights with over $112B in transaction value, driven by record-breaking buyouts, AI infrastructure expansion, and major frontier tech investments. The month reflected deep investor conviction in scalable software, compute infrastructure, and automation-led innovation.

The September 2025 Dakota Software & Technology Transactions Report tracks the month’s largest deals and emerging trends shaping software, semiconductors, and next-generation technologies.

Key Insights:

  • Historic LBO Activity: Silver Lake, Affinity Partners, and Saudi PIF led the $55B take-private of Electronic Arts, the largest leveraged buyout in history.

  • AI Infrastructure Expansion: Anthropic’s $13B Series F and Cadence Design’s $3.16B acquisition of Hexagon AB’s design business reinforced the flow of capital into AI, data, and engineering ecosystems.

  • Semiconductors & Strategic Partnerships: Nvidia’s $5B minority investment in Intel highlighted growing collaboration across chipmakers to drive innovation and capacity.

  • Private Equity Momentum: Thoma Bravo, Haveli Investments, and others continued to target SaaS and enterprise platforms through take-privates of PROS Holdings ($1.4B), Couchbase ($1.5B), and Vimeo ($1.38B).

  • Frontier Tech Acceleration: PsiQuantum and Figure each raised $1B+ as investors doubled down on quantum computing, robotics, and advanced hardware innovation.

Download the September 2025 Software & Technology Transactions Report!

Written By: Dakota