Over $250 Million in IT funding + Microsoft, Google and M&A News: Week of June 29, 2020


In this week’s funding and M&A news from the IT world, we track over $250 million in funding and new acquisitions from Apple, Microsoft, and more.


Codefresh Bags $27M in Total Funding of $42M

CodefreshOpens a new window , the company working on Kubernetes DevOps tools, announced that it had raised $27 million in a recent funding round led by Red Dot Capital Partners. This new funding brings the total funding of the company to around $42 millionOpens a new window . The company will use this new capital to invest in open source and continuous delivery.

Cynet 360 Raised $18M in Series B+

Autonomous breach protection platform Cynet 360Opens a new window raised $18 million in a series B+ funding round. This is the company’s third funding round after raising $7 million and $13 million in Series A and BOpens a new window , respectively, bring its total funding to $38 million. BlueRed Partners led the funding round and were joined by strategic investors, Deutsche Telekom and Merlin International, along with existing investors.

Tech News: Can Nokia’s 5G Network Slicing Software Improve its Position in the 5G Race?Opens a new window

Element Analytics Ends Series B with $18M

Industrial data hub provider ElementOpens a new window recently bagged $18 million in a Series B funding round led by Activate Capital and Forte Ventures along with new and existing investors.

SQream gets $39.4M in Series B+

Data analytics acceleration platform SQreamOpens a new window raised $39.4 million in a Series B funding round to fuel its cloud innovation and customer delivery platforms worldwide. Mangrove Capital Partners and Schusterman Family Investments led the funding round along with Hanaco Venture Capital, Sistema VC, World Trade Center Ventures, Blumberg Capital, Silvertech Ventures, and Alibaba Group.

UJET Bags $55M in Series C

UJETOpens a new window , a leading provider of cloud contact center solutions, raised $55 million in a current series C funding round, bringing the company’s total funding to $100.6 millionOpens a new window led by Sapphire Ventures, and with participation from GV, Citi Ventures, Kleiner Perkins, DCM, and Resolute Ventures.

Tech News: Why Did Amazon Acquire Autonomous Vehicle Startup Zoox for Over $1.2 B?Opens a new window

Upsolver Raises $13M for Cloud Data Lake Adoption

UpsolverOpens a new window , the software provider that eliminates the high engineering overhead of operating cloud data lakes, announced Series A funding of $13 million. Vertex Ventures led the round with participation from new investor Wing Venture Capital (Wing) and existing investor Jerusalem Venture Partners (JVP).

W3BCLOUD To Rollout Network of Data Centers with $20.5M in Bag

W3BCLOUDOpens a new window , a joint venture of Advanced Micro Devices (AMD) high-performance computing, graphics, visualization technologies; and ConsenSys, the blockchain software development and product company, announced that they had raised $20.5 million. The finance will fuel the company’s first Ethereum blockchain data centers.

Tech News: Key Tech Hires, Awards, and Events Around The World: Week of June 29, 2020Opens a new window

Merger, Acquisition & Partnership News

Also Read: Will Ambient Computing Get a Boost with Google’s Acquisition of AR Startup North?Opens a new window

ServiceNow Joins Hands With CareAR

The augmented reality support platform for modern services, CareAR, announcedOpens a new window the availability of its ServiceNow integration. Together the companies will deliver an innovative industry solution that will enhance the enterprise-grade augmented reality (AR) visual support as part of a ServiceNow digital workflow experience.

Apple Acquires Fleetsmith

The tech giant Apple has acquired an enterprise device management startup that addresses the management and security needs of IT teams to manage the experiences of Mac, iPad, and iPhone remotely. The terms of the acquisition have not been disclosed. The acquisition of FleetsmithOpens a new window will enable the company to deliver 1st party MDM solutions to the customers that the company has, for so long, relied on third-party apps for.

Keysight Technologies Acquires Digital Automation Specialist Eggplant

Keysight TechnologiesOpens a new window , the company that helps enterprises, service providers, and governments accelerate innovation to connect and secure the world, has acquired software test automation platform Eggplant. Together, the companies will deliver innovative solutions in the automated software test market across the physical and protocol layers and into the application layers.

“Keysight and Eggplant share the vision and goal of creating a global test automation leader. The combination of Keysight and Eggplant enables testing from the network and hardware, right through the application and user experience. With a focus on customer experience and business outcomes, this end-to-end quality is a game-changer – and a supercharger for digital transformation.” John Bates, CEO of Eggplant, shared exclusively with Toolbox.

Tech News: Cloud-First SD-WAN at Enterprise Scale: Will the New Alibaba-Aryaka Partnership Deliver?Opens a new window

Hitachi and Microsoft Enter Into Strategic Partnership

Hitachi and Microsoft, two big tech names, announced a multilayer strategic partnershipOpens a new window for digital transformation acceleration. The collaboration aims to support enterprises amidst the pandemic situation. In addition to this, they will be working together to deliver skilling initiatives that empower businesses to grow their digital capabilities and unlock new business opportunities.

NETSCOUT Collaborates With Oracle

NETSCOUT SYSTEMSOpens a new window , provider of service assurance, security, and business analytics, announced a strategic partnership with tech company oracle to deliver end-to-end visibility for service assurance and mission-critical security applications and services across their hybrid cloud infrastructures. Post collaboration, users can now find NETSCOUT’s vSTREAMâ„¢ and virtual nGeniusONE® on Oracle Cloud Marketplace. They will deliver application visibility and the ability to leverage authentic information contained in the application and network traffic for real-time.

Quadient Partners With Kitewheel

QuadientOpens a new window , the customer experience management platform, has partnered with journey orchestration platform Kitewheel. Together,they will be delivering a solution for enhancing customer experience, and optimize the customer journey using journey mapping, analytics, and orchestration to deliver insights for data enabling real-time decisions.

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