Money Moves: June 2022

Here are some of the most prominent venture capital and merger and acquisition news items from June. If you’d like SDxCentral to report on your company’s VC or M&A activity in our monthly Money Moves section, or if you have any tips on that activity, please send the information to Julia King (jking@sdxcentral.com). Here are some of the most prominent venture capital and merger and acquisition news items from June. If you’d like SDxCentral to report on your company’s VC or M&A activity in our monthly Money Moves section, or if you have any tips on that activity, please send the information to Julia King (jking@sdxcentral.com). Amazon Web Services (AWS), IBM, and Cisco are set to benefit from an expected surge in enterprise cybersecurity prevention spending over the next five years, according to a new report from Juniper Research. Those firms were cited as market leaders in the cybersecurity space by the research firm, which noted those positions highlighted the growing influence of cloud computing on the market. “Cloud computing has been transformative for businesses, so it is no surprise that two of the biggest cloud computing vendors, AWS and IBM, also lead in the cybersecurity space,” research co-author Damla Sat explained. “For cloud vendors, effective cybersecurity is a basic requirement – by offering in-house cybersecurity solutions, AWS and IBM are capitalizing on their existing large user bases; acquiring businesses and capabilities as needed to enhance their product offerings.” China continues to outspend the rest of the world when it comes to cloud infrastructure, according to research from Canalys. Overall, the mainland spent $7.3 billion on infrastructure in Q1 2022 alone and the number is expected to continue to grow over the rest of the year. Specifically, the country’s four cloud vendor market leaders remain unchanged: Alibaba Cloud, Huawei Cloud, Tencent Cloud, and Baidu AI Cloud. These four “have benefited from the expansion of cloud use and accounted for 79% of total expenditure in China, an increase of 19% year on year,” the report said. Ericsson remains committed to closing its pending $6.2 billion Vonage acquisition despite the need to work through a significant approval hurdle. The Sweden-based telecom equipment giant reported that it “continues to work closely” with the Committee on Foreign Investments in the United States (CFIUS) to gain approval for its acquisition of U.S.-based Vonage. Otherwise, the deal has gained “all other foreign and U.S. regulatory approval requirements.” That final approval could be hindered by Ericsson admitting to multiple incidents of bribery and corruption by its operations in Iraq between 2011 and 2018. Most damning of all, the company said it can’t unequivocally deny that bribes paid by some employees during that period ended up in the hands of the Islamic State. Intel acquired Codeplay Software. JupiterOne announced a $70 million Series C funding round and an over $1 billion valuation.  Lookout acquired SaferPass. Fortinet announced it will implement a five-for-one forward stock split. Ordr secured $40 million in Series C funding. ReliaQuest acquired Digital Shadows.  Code Intelligence announced $12 million in Series A funding led by Tola Capital.  Acumera acquired Netsurion’s Secure Edge Networking business.  Immuta raised $100 million in Series E funding. Netskope acquired WootCloud. Devo announced a $100 million funding round led by Eurazeo. Gupshup acquired OneDirect.  Perimeter 81 raised $100 million in Series C funding led by B Capital with the participation of Insight Partners, Toba Capital, ION Crossover Ventures, and Entree Capital. AppOmni raised $70 million in a Series C funding round.  Docker acquired Atomist.  CybSafe raised $28 million in Series B funding. Accenture acquired Advocate Networks. Whistic announced a $35 million Series B funding round led by JMI Equity. CoachHub raised $200 million in Series C funding led by Sofina and SoftBank Vision Fund 2. Oracle completed its Cerner acquisition.  DigiCert acquired DNS Made Easy. ​​HYCU secured $53 million in Series B funding. Platform9 raised $26 million in funding led by Celesta Capital. Tabnine raised $15.5 million in funding from Qualcomm Ventures, OurCrowd, and Samsung NEXT Ventures. Accelsius acquired the rights to cooling technology from Nokia. Infinite Computer Solutions acquired the former Yahoo Small Business Essentials portfolio from Verizon. Onymos raised $12 million in Series A financing led by Great Point Ventures, with participation from Benhamou Global Ventures, Engineering Capital, and Industry Ventures. Strapi raised $31 million in Series B funding led by CRV. Ahana announced $7.2 million in new funding led by Liberty Global Ventures. Lightning AI announced a $40 million Series B funding round, bringing its total funding to $58.6M. Evinced announced a $38 million Series B funding round.  Accelario raised $10 million in its latest funding round, bringing its total raised to $16 million. Scintil Photonics raised $14.4 million in second round financing led by Robert Bosch Venture Capital. Platform.sh announced a $140 million Series D funding round led by Revaia, Digital+ Partners, and Morgan Stanley Expansion Capital. Starburst acquired Varada.  Ataccama received a $150 million growth investment from Bain Capital Tech Opportunities. Anaconda acquired PythonAnywhere. Lightbits raised $42 million in growth capital. Kaseya acquired Datto. Cerby announced its official launch.  Incredibuild raised $35 million in Series B funding.  XM Cyber acquired Cyber Observe. Nasuni Corporation acquired Storage Made Easy. Opaque Systems raised $22 million in Series A funding. Cyolo raised $60 million in Series B funding.  Deepki acquired Fabriq. Token announced a $13 million financing round. Thrive acquired Edge Technology Group. Normalyze announced $22.2 million in Series A funding.