# Device42

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/device42

- Industry: Software
- Headquarters: West Haven, US
- Website: www.device42.com
- Total disclosed funding: $3.5M
- Latest round: Seed (Jan 5, 2015)
- Investors on record: 6

## About

Founded in 2014 and based in Connecticut, US, Device42, Inc. develops an automated data center management for IT infrastructures. It enables IT asset and application mapping, Cloud migrations, auto-discovery of network-connected hardware, devices, software, and services, data import from an existing system, drag and drop visual cable management, multitenancy administration, track network connectivity and IT assets and inventory lifecycle, and integration with 3rd party software. In May 2024, Freshworks Inc. acquired Device42, Inc. from Alpine Meridian Ventures, Angel Investor Forum, Connecticut Innovations, Elm Street Ventures, LRVHealth, and New York Angels for USD 230 million.

Device42's flagship product is an agentless full-stack IT discovery and dependency mapping platform. This solution provides organizations with unparalleled visibility into their IT environments, empowering them to optimize operations, enhance security, and streamline processes.

Device42's revenue stream primarily consists of sales generated from its software solutions and associated services. The company adopts a subscription-based model, offering customers flexible pricing options that align with their specific needs and scale of operations. Additionally, Device42 provides training, support, and consultancy services which may also drive revenue.

## Funding rounds

- Seed, Jan 5, 2015, $3.5M — LRVHealth, Connecticut Innovations, Elm Street Ventures, New York Angels, Angel Investor Forum, Alpine Meridian Ventures

## Investors

- LRVHealth (https://capitalatlas.ai/funds/lrvhealth) — Seed
- Connecticut Innovations (https://capitalatlas.ai/funds/connecticut-innovations) — Seed
- Elm Street Ventures (https://capitalatlas.ai/funds/elm-street-ventures) — Seed
- New York Angels (https://capitalatlas.ai/funds/new-york-angels) — Seed
- Angel Investor Forum — Seed
- Alpine Meridian Ventures (https://capitalatlas.ai/funds/alpine-meridian-ventures) — Seed