What is DevonWay?
DevonWay specializes in Asset, Work, Quality, and Safety Management software designed for regulated, high-risk, and complex organizations. Its cloud-based and on-premise solutions are engineered to enhance operational efficiency and safety by collecting, managing workflows for, analyzing, and reporting on critical operational data. The platform ensures strict compliance with industry regulations and standards, offering a blend of out-of-the-box production readiness and no-code configurability to meet unique enterprise requirements with robust security and scalability.
How much funding has DevonWay raised?
DevonWay has raised a total of $21.1M across 4 funding rounds:
Series B
$6.5M
Series A
$6.5M
Series C
$7M
Debt
$1M
Series B (2008): $6.5M with participation from Crosslink Capital
Series A (2008): $6.5M led by Crosslink Capital
Series C (2010): $7.1M supported by Crosslink Capital
Debt (2020): $1M featuring PPP
Key Investors in DevonWay
Crosslink Capital
Crosslink Capital is an investment firm that partners with ambitious early-stage founders to build category-defining companies. With a focus on seed and Series A investments ranging from $1M to $9M, the firm has a diverse portfolio across North America, boasting over 50 exits including 17 IPOs.
Crosslink Capital
Crosslink Capital is an investment firm that partners with ambitious early-stage founders to build category-defining companies. With a focus on seed and Series A investments ranging from $1M to $9M, the firm has a diverse portfolio across North America, boasting over 50 exits including 17 IPOs.
PPP
Public-Private Partnership
What's next for DevonWay?
The recent major strategic investment in DevonWay signals a pivotal growth phase, likely aimed at expanding market reach and enhancing product development. Given the company's focus on critical infrastructure and regulated sectors, future capital deployment will probably target further integration of AI and advanced analytics to bolster compliance and operational intelligence. This strategic backing is expected to accelerate DevonWay's ability to serve complex enterprise needs and solidify its position as a leader in operational risk management software.
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