U.S. data and analytics platform Databricks Inc. raised the biggest funding round last month, rallying global venture investment to a three-year August high of $45.77 billion, up 227.4% from $13.98 billion in the comparable period in 2019, according to S&P Global Market Intelligence data.

Databricks received $1.60 billion in a mature round, bringing a post-money valuation of $38.00 billion. It was followed by Turkish e-commerce retailer Trendyol, which obtained $1.50 billion in a venture capital round co-led by General Atlantic Service Co. LP and SoftBank Investment Advisers (UK) Ltd. at a post-money valuation of $16.50 billion. U.S. biotechnology company EQRx Inc., which garnered $1.20 billion in venture capital, completed the top three funding rounds for the month.

Other smaller transactions that closed in August include Indian news application developer VerSe' Innovation Pvt. Ltd.'s latest round that collected more than $450 million, as well as artificial intelligence platform Dataiku SAS and Nigerian payments company OPay Digital Services Ltd.'s recent rounds that each raised $400 million for the two companies.

In August, venture capital investors dispensed $20.73 billion across 588 transactions in North America. Companies in the Asia-Pacific region racked up $14.02 billion across 613 transactions, while $7.57 billion was invested in 271 startups in Europe.

Businesses in the technology, media and telecommunications sector received 41.5% of total venture capital funding in August as they continue to benefit from the consumer trend of increasing online activity, which accelerated during the pandemic. Healthcare companies were the second largest recipient of capital at 19.1% of the total for the month, followed by financials and consumer, all of which tended to flourish during the pandemic.