# Devo Technology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/devo-technology

- Industry: IT Security/Cybersecurity
- Headquarters: Cambridge, US
- Website: www.devo.com
- Total disclosed funding: $470M
- Latest round: Series F (Jun 2, 2022)
- Investors on record: 8

## About

Based in Massachusetts, US, and founded in 2011 by Pedro Castillo, Devo Technology Inc, f.k.a. Logtrust S.L., is a developer of an artificial-based cloud-based data operations platform that releases the full potential of the data to give actionable insights for digital enterprises. In October 2021, Devo, Inc. raised USD 250 million in a Series E funding led by TCV, with participation from Eurazeo, General Atlantic, Bessemer Venture Partners, Georgian, Insight Partners, and Kibo Ventures. The Series E funding values Devo, Inc. at USD 1.5 billion post-money and has raised a total of USD 388.64 million in funding. Marc van Zadelhoff is the CEO of Devo, Inc. In September 2022, Devo Technology Inc., a portfolio company of Atlantic Bridge, Bessemer Venture Partners, Eurazeo, General Atlantic, Georgian, Insight Partners, ISAI, Kibo Ventures, and TCV acquired LogicHub from Nexus Venture Partners and Storm Ventures for an undisclosed amount.

Devo, Inc provides a cloud-native logging and security analytics platform, The Devo Platform, that collects clients’ data without compromise, speed to give clients immediate access and answers, and clarity to focus on the signals that matter most. In addition, the company's platform helps to examine, consult, and analyze past data and petabytes of information to integrate, manage, and visualize data, thereby enabling businesses to make informed decisions.
In addition, Devo offers Devo Security Operations that enables its clients’ security teams to protect their organization. The company also provides Devo Service Operations that brings together logs, metrics, and traces to offer complete observability for IT and business services across on-premises and multi-cloud environments. The Devo platform integrates with multiple integrations, including Cisco Wireless LAN Controller, IBM API Connect, Confluence, Jira, Slack, PingFederate, Docker container logs, and others.

Devo, Inc. plans to use its proceeds from a Series E funding to grow across new regions and market verticals and increase investment in channel expansion and product innovation.

## Funding rounds

- Series F, Jun 2, 2022, $100M — TCV, General Atlantic, Insight Partners, Eurazeo, Bessemer Venture Partners, Georgian, ISAI, Kibo Ventures
- Series E, Oct 26, 2021, $250M — TCV, General Atlantic, Insight Partners, Eurazeo, Bessemer Venture Partners, Georgian, Kibo Ventures
- Series H, Sep 15, 2020, $60M — Insight Partners, Bessemer Venture Partners, Georgian
- Series C, Jun 7, 2018, $25M — Insight Partners, Kibo Ventures
- Series B, Sep 27, 2017, $35M — Insight Partners, Kibo Ventures

## Investors

- Insight Partners (https://capitalatlas.ai/funds/insight-partners) — Series B, Series C, Series H, Series E, Series F
- Kibo Ventures (https://capitalatlas.ai/funds/kibo-ventures) — Series B, Series C, Series E, Series F
- Bessemer Venture Partners (https://capitalatlas.ai/funds/bessemer-venture-partners) — Series H, Series E, Series F
- Georgian — Series H, Series E, Series F
- TCV (https://capitalatlas.ai/funds/tcv) — Series E, Series F
- General Atlantic (https://capitalatlas.ai/funds/general-atlantic) — Series E, Series F
- Eurazeo (https://capitalatlas.ai/funds/eurazeo) — Series E, Series F
- ISAI (https://capitalatlas.ai/funds/isai) — Series F