Here are some of the most prominent venture capital and merger and acquisition news items from May. 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]).

Broadcom made good on rumors by acquiring VMware in a deal that is set to reshape both companies and the virtualization space.

The deal will see the global chip giant acquire VMware for approximately $61 billion in cash and stock. Broadcom is also assuming around $8 billion in VMware debt. The deal has been approved by each company’s board of directors.

Michael Dell, who owns 40% of VMware’s outstanding shares, has also thrown his support behind the deal. Dell’s interest in VMware is tied to Dell Technologies spinoff of VMware last year.

Intel announced investment plans to expand data center sustainability with a research and development mega lab focused on tackling data center heating, cooling, and water usage.

The 200,000-square-foot mega lab will cost the chipmaker over $700 million and is expected to open on Intel’s Hillsboro, Oregon Jones Farm campus in late 2023.

In addition to developing sustainability-focused data center tech, the lab will also qualify and test Intel’s other data center products like its Xeon and FPGA architectures, network interfaces and switch gear, and other products currently in development.

Renewable energy technology startup Arcadia raised $200 million in a funding round led by J.P. Morgan Asset Management’s Sustainable Growth Equity Team. The funds pushed Arcadia’s value to $1.5 billion.

Arcadia said the funding will be used to expand the reach of its Arc utility data and API platform. The platform was released in November of last year, and aims to allow companies to monitor, report, and act on their carbon footprint. 

Arcadia got its start in 2014 by matching residents to convenient renewable energy sources and initiating community solar projects. In April the company passed the 700MW managed milestone, making it the leading manager of community solar in the U.S. In 2021, Arcadia delivered a 155% year-over-year organic revenue growth.

SirionLabs announced it raised more than $80 million in a Series D funding round.

Sustain.Life announced a $16 million seed funding round.

Traceable AI raised $60 million in Series B funding. 

LinearB announced a $50 million Series B funding round led by Tribe Capital.

Network Perception secured $13 million in its Series A funding round.

ActiveCampaign acquired Postmark and DMARC Digests.

Teleport raised $110 million in Series C funding led by Bessemer Venture Partners.

Sentry raised $90 million in Series E funding.

Mosyle closed a $196 million Series B funding round.

Flywheel Software announced a growth equity investment from The Jordan Company.

DZS acquired core assets from ASSIA, including a service assurance software portfolio.

Marvell acquired Tanzanite. 

Telefónica Tech acquired BE-terna.

Abnormal Security raised $210 million in its Series C funding round.

Akuity announced a $20 million Series A funding round.

LucidLink raised $20 million in Series B funding.

Observe raised $70 million in Series A-2 funding from Sutter Hill Ventures, Capital One Ventures, and Madrona Ventures.

Concentric raised $14.5 million in Series A funding.

Novu raised $6.6 million in seed funding led by Crane Venture Partners.

Xage extended its $30 million Series B round with a $6 million funding top-up, bringing total funding to $60 million.

Classiq raised $36 million in its Series B funding round with participation from HSBC, NTT Finance, and Intesa Sanpaolo.

Smarsh acquired TeleMessage.

Telestream acquired Encoding.com. 

Thales acquired S21sec and Excellium.

Cribl raised $150 million in Series D funding led by Tiger Global Management.  

Fastly acquired Glitch.

Docker acquired Tilt. 

ZenFi Networks secured a $175 million senior secured credit facility.

Seemplicity launched with $32 million in funding.

LimaCharlie raised a $5.45 million seed funding round.

Aklivity raised $4.1 million in seed funding led by 468 Capital. 

XONA raised $7.2 million in Series A funding. 

ShardSecure announced a $11 million Series A funding round led by Grotech Ventures. 

MANTA raised $35 million in Series B funding.

Vade raised $30 million in a new funding round.