Here are some of the most prominent venture capital and merger and acquisition news items from September. If you’d like SDxCentral to report on your company’s VC or M&A activity in our monthly Money Moves report, or if you have any tips on that activity, please send the information to Julia King ([email protected]).

Graphiant Comes out of Stealth Gunning for Cisco's SD-WAN Market

Edge services provider Graphiant emerged from stealth by introducing the Graphiant Network Edge, a solution that provides connectivity between the enterprise WAN, hybrid cloud, network edge, customers and partners delivered as-a-service.

Graphiant Founder and CEO Khalid Raza also founded SD-WAN company Viptela, which Cisco acquired for $610 million in 2017. He told SDxCentral that Viptela was only a small piece of an SD-WAN mission Cisco “didn’t let” him complete. Read more.

T-Mobile Unloads Sprint Wireline to Cogent for $1

T-Mobile US unloaded its unwanted Sprint wireline holdings, coaching a deal out of Cogent to purchase the extensive assets for the mighty sum of $1. T-Mobile US is also taking a $1 billion charge on those assets to help pay for an agreement to spend $700 million for “services” running on that network over the next four-and-a-half years that the carrier is unsure it will ever use.

The deal will see Cogent take on the former Sprint wireline business, that includes global MPLS and dedicated internet access with service in more than 155 countries; global SIP trunking and SIP toll-free voice services; a unified communications suite, including a workplace-as-a-service platform; managed network and security solutions; web-based network management tools; and wireless and wireline access options. T-Mobile US gained those deals as part of its Sprint acquisition in 2021. Read more.

Mandiant Joins Google Cloud in a $5.4B Deal, Retains the Brand

Google today completed its Mandiant acquisition. The cyber defense and response vendor will join Google Cloud while retaining its brand. 

The tech giant announced in March that it was buying Mandiant for $23 per share in an all-cash deal valued at around $5.4 billion. Analysts expected the deal to exemplify Google’s ambitions in the cybersecurity market and better its position to compete with Microsoft and Amazon Web Services (AWS) over cloud security. Read more.

More Money Moves

Fortanix raised $90 million in Series C funding led by Goldman Sachs.

Zesty announced a $75 million Series B funding round.

ConnectWise acquired Wise-Sync.

Locafy acquired Jimmy Kelley Digital.

CloudFactory acquired Hasty.

Cymulate announced a $70 million series D funding round led by One Peak.

Cerberus Sentinel acquired NLT Secure.

Zeet raised $4.3 million in seed funding Led by Sequoia Capital.

EDJX announced a $3 million seed funding round. 

Tidelift raised $33.5 million in Series C funding. 

Kaloom raised $21 million in funding.

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

ENACT Systems raised a $11.5 million Series A funding round.

Dig raised $34 million in Series A funding led by SignalFire. 

Black Diamond Advisory announced $25 million in funding from Tercera.

Volaris Group acquired Hitachi ID Systems.

Orange Business Services announced the consolidation and rebranding of Basefarm, Login Consultants and The unbelievable Machine Company as Orange Business Services. 

Lantronix acquired Uplogix.

AvePoint acquired tyGraph.

Summit Hosting acquired Tech Commandos.

groundcover raised $24.5 million in funding. 

CYREBRO raised $40 million in Series C funding. 

Evocative acquired INAP.

Bluesky raised $8.8 million in seed funding.

Steadybit announced $7.8 million in seed funding.

Coalesce.io raised $26 million in Series A funding led by Emergence Capital. 

Devo acquired LogicHub.

SecurityPal emerged from stealth mode with a $21 million series A funding round led by Craft Ventures.

RKVST raised $7.5 million in a Series A funding round.  

Deep Instinct raised $62.5 million in funding. 

Wasabi raised $250 million in funding.

Jamf acquired ZecOps.

IBM acquired Dialexa.

Coalesce announced a $26 million Series A funding round.

CloudBees acquired ReleaseIQ.

Aiven acquired Kafkawize.

Immerok announced $17 million in seed funding. 

Zscaler acquired ShiftRight. 

CTG acquired Eleviant Tech.

Vega Cloud completed a $9 million equity and debt funding round.