With GoPro and Box looking to go public, technology IPOs are having a banner year in 2014--and so are mergers and acquisitions, which might bode well for startups angling to get aquired in the near future.

Driven by record acquisitions by Facebook and Google, which are pushing startup valuations ever upwards, the number of tech deals launched in the first three months of 2014 has shot up. Dozens of other more modest merger deals for startups are also in works, according to new research from Thomson Reuters.

Facebook's acquisitions of WhatsApp for $19 billion and its most recent acquisition of Occulus for $2 billion, are pushing merger and acquisition activity to new heights. Google's recent purchase of Nest Labs for $3 billion is also helping.

The dollar value of tech mergers and acquisitions year to date--$65 billion--is nearly double what it was for the same period in 2013. Similarly, about 400 deals are in the works or have been completed this year, compared to 200 through March of last year.

But the current year-to-date levels are nowhere near activity in 2000, Thomson Reuters reports, when there was $159 billion in deals, a year that ended with nearly half-a-trillion dollars worth of deals and close to 2,000 by number. Actually, the current numbers have a way to go before they even reach 2007 full-year levels, with $200 billion in dollar volume and 1,000 by number of deals.