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

Hewlett Packard Enterprise (HPE) acquired technology provider Athonet to strengthen its private cellular network push – a move that HPE Wireless CTO Stuart Strickland said will benefit the company’s existing Aruba Networks customers.

HPE will integrate Athonet’s software with Aruba’s private networking portfolio to combine the high capacity enabled by Wi-Fi with the coverage and mobility of 5G. Read more.

Cisco’s most recent Valtix acquisition is more than just a move to enhance its multicloud next-generation firewall capabilities. Valtix’s unique approach to providing a single policy for multiclouds and protecting each individual workload could potentially give Cisco a competitive advantage over its peers.

Founded in 2018, Valtix offers a cloud security platform that delivers capabilities including cloud-based firewall, web application firewall (WAF), intrusion detection systems (IDS) and intrusion prevention systems (IPS), egress filtering, and data loss prevention (DLP) for Amazon Web Services (AWS), Microsoft Azure, Google Cloud Platform (GCP), and Oracle Cloud Infrastructure (OCI). Read more.

SAP will unload its 423 million shares of Qualtrics following the latter’s acquisition by Silver Lake and CPP Investments. The move comes as part of a “strategic initiative” to streamline the SAP portfolio and focus on cloud growth.

Qualtrics is a Utah-based startup that procures cloud-based subscription software for experience management.

At a purchase price of $18.15 per share, the $7.7 billion transaction is expected to close in the second half of 2023 and values Qualtrics at $12.5 billion. Earlier this year SAP announced plans to sell its stake in Qualtrics concurrent with a decision to cut 2.5% of its workforce. Read more.

T‑Mobile acquired Mint Mobile and Ultra Mobile.

Grafana Labs acquired Pyroscope.

Edgeless Systems raised $5.3 million in seed funding led by SquareOne.

Rocket Software acquired KRI Security.

Blue Wireless agreed to join the Wireless Logic Group.

pgEdge exited stealth and announced a $9 million seed-financing round led by Sands Capital Ventures and Grotech Ventures.

Inigo announced $4.5 million in seed funding from Engineering Capital, Hetz Ventures, and NextGen Venture Partners.

AuditBoard surpassed $150 million in annual recurring revenue.

Cast AI announced a $15 million investment from Creandum.

Zenhub raised $10 million in Series A funding.

BAI Communications announced it will become Boldyn Networks.

Rapid7 acquired Minerva Labs.

Oleria exited stealth with $8 million in seed funding.

Coactive announced $14 million in seed and series A funding led by Andreessen Horowitz and Bessemer Venture Partners.

Splashtop acquired Foxpass.

Accenture acquired Flutura.

XM Cyber acquired Confluera.

Spera announced $10 million in seed funding led by YL Ventures.

Graphiant closed a $62 million Series B funding round.

Britive raised $20.5 million in Series B funding.

DataDome raised $42 million in Series C funding.

Votiro raised $11.5 million in Series A funding led by Harvest Lane Asset Management.

Impact Observatory closed a $5.9 million seed funding round.