Here are some of the most prominent venture capital and merger and acquisition news items from April. 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 Dan Muse ([email protected]).

Ericsson’s Cradlepoint will acquire Ericom Software to build a platform for cellular-first customers to integrate secure access service edge (SASE), zero trust and cloud security capabilities across wireless and 5G/cellular networks.

“Enterprise adoption of 5G requires a new network security approach that minimizes attack surface caused by IoT and industrial IoT (IIoT) device proliferation, provides agentless identity-based secure access from ever-growing IoT/IIoT devices and users to private and [software-as-a-service] applications,” Cradlepoint SVP Manish Tiwari said of the deal. Read more.

Deutsche Telekom (DT) regained much wanted control over its U.S. subsidiary T-Mobile US in a move the German telecom giant said will help solidify its financial footing.

DT CEO Timotheus Hottges told investors during the carrier’s 2023 shareholders’ meeting that it issued Japan’s SoftBank 225 million treasury shares for a 3.7% stake in T-Mobile US. Those shares cost DT nearly $5.8 billion, but provided it with a controlling stake in the U.S. operator.

“This is an important component of our success,” Hottges said of regaining ownership control. Read more.

Reporting that spending on cloud services — public cloud services specifically — is on the rise may not surprise anyone, but the rate of growth expected this year may catch your attention.

Gartner predicts worldwide end-user year-over-year spending will grow a whopping 21.7% in 2023. Spending will come in just under $600 billion this year, versus $491 billion last year. Read more.

Honeycomb announced $50 million in Series D funding.

Distyl AI closed a $7 million seed funding round.

Agnostiq secured $6.1 million in seed extension funding.

NetBox Labs announced a $20 million Series A funding round.

Radiant Logic acquired Brainwave GRC.

Inside-Out Defense emerged from stealth funded by Bain & Company.

Cybersyn emerged from stealth and announced a $62.9 million Series A funding round led by Snowflake.

Rupert raised $8 million in seed funding.

ClimateAi closed a $22 million Series B funding round.

Veridas announced a $16.5 million capital increase.

Dasera raised $12 million in Series A funding.

CarbonChain raised $10 million in Series A funding led by Union Square Ventures and Voyager Ventures.

Semgrep (formerly r2c) announced $53 million in Series C funding led by Lightspeed Venture Partners.

SpecterOps raised $25 million in Series A funding led by Decibel.

Cologix closed the issuance of $146.2 million in secured notes.

XFactor.io acquired DecisonLink.

Fobi acquired Passworks S.A.

Akamai Technologies acquired Neosec.

Cequence Security announced strategic investments from Hewlett Packard Pathfinder and Prosperity7 Ventures.

Ditto announced a $45 million Series A funding round led by Acrew Capital.

Fluree closed a $10 million Series A funding round led by SineWave Ventures.

Halcyon announced a $46 million series A funding round led by SYN Ventures.

NetRise announced $8 million in funding led by Squadra Ventures.