What is Devo?
Devo Technology provides a sophisticated cloud-native security analytics platform designed to empower enterprise teams with enhanced visibility and rapid response capabilities. By leveraging advanced data processing, the platform enables organizations to secure their digital infrastructure with greater clarity and operational efficiency. In an era where threat landscapes are increasingly complex, Devo's architecture offers the scale necessary to manage massive volumes of security telemetry, effectively augmenting human expertise with machine-speed insights. The company's market position is defined by its commitment to providing actionable intelligence, allowing security operations centers to transition from reactive postures to proactive threat hunting and mitigation strategies.
How much funding has Devo raised?
Devo has raised a total of $231M across 5 funding rounds:
Series A
$11M
Series B
$35M
Series C
$25M
Series D
$60M
Series F
$100M
Series A (2017): $11M with participation from Atlantic Bridge Capital, Kibo Ventures, and Investing Profit Wisely
Series B (2017): $35M led by Kibo Ventures and Insight Venture Partners
Series C (2018): $25M supported by Insight Venture Partners
Series D (2020): $60M featuring Insight Partners, Georgian, and Bessemer Venture Partners
Series F (2022): $100M backed by Georgian, Insight Partners, Kibo Factory, Eurazeo, General Atlantic, Bessemer Venture Partners, and TCV
Key Investors in Devo
Insight Partners
Insight Partners is a global venture capital and private equity firm that focuses on high-growth software and internet businesses, providing deep operational support to help portfolio companies scale.
Bessemer Venture Partners
Bessemer Venture Partners is a storied venture capital firm with a long history of backing transformative technology companies across various stages of development.
Kibo Factory
Kibo Ventures is a European technology investment platform that supports entrepreneurs with bold ideas by investing in early-stage startups and helping them scale globally.
What's next for Devo?
With the infusion of $100M, Devo is well-positioned to deepen its investment in core technology development and expand its footprint in key international markets. The strategic focus will likely center on enhancing the platform's AI-driven analytics capabilities and strengthening its ecosystem of integrations. As the company moves into its next phase of growth, the emphasis will remain on scaling its enterprise-grade security offerings to meet the evolving demands of global organizations. By maintaining a focus on high-performance analytics and strategic partnerships, Devo is poised to continue its trajectory as a cornerstone of the modern security stack, driving innovation in how enterprises detect and neutralize sophisticated cyber threats.
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