About Device42
Device42 is a company based in West Haven (United States) founded in 2010 was acquired by Freshworks in May 2024. Device42 has raised $37.51 million across 2 funding rounds from investors including Freshworks, Elm Street Ventures and Connecticut Innovations. Device42 offers products and services including IT Asset Management, CMDB, Application Dependency Mapping, and Cloud Discovery. Device42 operates in a competitive market with competitors including Particle, ecobee, Cherwell, Signify and Landis+Gyr, among others.
- Headquarter West Haven, United States
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website device42.com
- Social LinkedIn X Facebook YouTube
- Acquired by Freshworks (May 2024)
- Legal Name Device42, Inc.
- Total Equity Funding$37.51M (USD)
in 2 rounds
- Latest Funding Round$34M (USD), Series B
Mar 2019
- InvestorsFreshworks
& 6 more
- Acquired byFreshworks
(May 2024)
Products & Services of Device42
Device42 offers a comprehensive portfolio of products and services, including IT Asset Management, CMDB, Application Dependency Mapping, and Cloud Discovery.
Platform for discovering and managing IT assets efficiently.
Automated system for real-time IT configuration tracking.
Tool to map and resolve application dependencies quickly.
Service for inventory and resource discovery in cloud environments.
Apps and channels of Device42
its YouTube channel Device42, A Freshworks Company has 862 subscribers and 30 videos.
Videos from Device42
The most watched videos on Device42's YouTube channel, Device42, A Freshworks Company (862 subscribers). Click a video to play it here.
More on Device42, A Freshworks Company.
Funding Insights of Device42
Device42 has successfully raised a total of $37.51M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $34 million completed in March 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $37.51M
- Total Rounds 2
- Last Round Series B — $34M
- First Round $3.51M
(Dec 2014)
- Investors Count 6
All 2 funding rounds of Device42 with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2019 | $34M | Series B | – | – | – |
| Dec 2014 | $3.51M | Seed | – | Connecticut Innovations |
7 investors in total: 7 institutional.
Investors in Device42
Device42 has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Freshworks, Elm Street Ventures and Connecticut Innovations.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital services for biotech, IT, and innovative sectors in Connecticut. | – | ctinnovations.com | - | |
VC firm investing in seed & early stage companies in the US | 2006 | elmvc.com | New Haven, United States | |
Investments are made in early-stage US tech companies. | – | alpinemeridian.com | New York, United States | |
A network for angel investors and entrepreneurs is provided. | – | angelinvestorforum.com | United States | |
Early-stage technology startups are funded by New York Angels network. | – | newyorkangels.com | New York, United States | |
Early stage venture capital firm investing in the US | – | lrvhealth.com | Boston, United States | |
Cloud-based business process management suite solutions are delivered. | 2010 | freshworks.com | San Mateo, United States |
Investor details for Device42
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
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People of Device42
72 people are tracked at Device42 (16 in leadership, 56 in team).
| Name | Role | Group |
|---|---|---|
Lisa DeSiero | Director Of Engineering | Leadership |
Aaron Rice | Global Alliance Director - Public Cloud & ITSM Partnerships | Leadership |
Yama Habibzai | Chief Marketing Officer - Acquired By Freshworks | Leadership |
Raj Jalan | CEO & Founder | Leadership |
Eric Shoemaker | Chief Revenue Officer (cro) | Leadership |
Jason P. Lomax | Vice President of Global Customer Success and Support | Leadership |
Spencer Stratton | Vice President of Business Operations | Leadership |
Aman Kahlon | Senior Director, Strategic Partners / Director Ecosystem (gsis) | Leadership |
David Parsons | Regional Sales Director | Leadership |
Mark Holland | VP, Customer Success | Leadership |
Jim Eliason | CFO | Leadership |
Mary Usedom | Director, Commercial Sales | Leadership |
Mike Henroid | Vice President -- Ecosystem | Leadership |
R. Michael Burke | Director Of Enterprise Sales | Leadership |
Ryan Cooper | Director Of Strategic Alliances | Leadership |
Zarko Zivkovic | Director Of Marketing Programs | Leadership |
Nathan Smith | Business Development Representative | Team |
Daniel Little | Staff Software Engineer | Team |
Robert Hart | Technology Evangelist | Team |
Michael McPadden | Sr. Project Manager / Scrum Master | Team |
52 more people are available in the full profile.
Complete people profiles for Device42
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
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Timeline of Device42
4 dated milestones of Device42 across 14 years, from founding to its latest funding, stage changes and deals.
- Founded Device42 is founded.
- Funding First funding round of $3.5M.
- Funding Latest funding round, Series B, of $34.0M.
- Exit Acquired by Freshworks.
Competitors of Device42
Device42 operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Particle, ecobee, Cherwell, Signify and Landis+Gyr, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| particle.io | 2011 | San Francisco, United States | $134.87M | 109 | IoT connectivity platform from prototype to production is developed. | |
| ecobee.com | 2007 | Toronto, Canada | $151.52M | – | Provider of smart thermostats for commercial and residential applications | |
| cherwell.com | 2004 | Colorado Springs, United States | $491.38M | 480 | IT service and asset management is enabled with mApps integration. | |
| signify.com | 1891 | Eindhoven, Netherlands | – | – | Signify is recognized as a global leader in lighting solutions. | |
| landisgyr.com | 1896 | Zug, Switzerland | $1.03B | 996 | End-to-end energy management solutions are provided for utilities worldwide. | |
| nanoleaf.me | 2012 | Toronto, Canada | $2.9M | 94 | Energy-efficient smart lightbulbs are developed by Nanoleaf. | |
| span.io | 2014 | San Francisco, United States | $255.56M | – | Smart panels for home energy management are provided by Span.IO. | |
| ivanti.com | 1985 | South Jordan, United States | – | – | Cloud-based IT asset and service management software is offered. | |
| tibber.com | 2016 | Stockholm, Sweden | $177M | 61 | Provider of solutions for energy monitoring for residential building |
Detailed competitors of Device42
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Verified entity values are shown only after access is granted.
Web traffic of Device42
The website of Device42 (device42.com) receives about 51.7K visits a month.
- Monthly visits51.7K
▼ 8.2% vs previous month
Websites whose visitors overlap most with Device42. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| racktables.org | 100% | – | #3,651,603 | View details | |
opendcim.org | opendcim.org | 99% | – | #4,031,282 | – |
| graphicalnetworks.com | 90% | – | #2,352,741 | View details | |
 livesoncoffee.wordpress.com | livesoncoffee.wordpress.com | 84% | – | – | – |
ezo.io | ezo.io | 78% | – | #688,070 | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Device42
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 40 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Latest news on Device42
Complete news archive for Device42
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Device42
10 companies that operate in the same segment as Device42 (IT Services & Operations), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud orchestration solutions are provided for multi-cloud and device applications. | 1998 | Palo Alto, California, United States | USD 595.83 M | USD 812.05 M | 8,861 | |
A cloud-based platform for incident management software is provided. | 2009 | San Francisco, California, United States | USD 173.6 M | USD 492.55 M | 1,240 | |
Unified IT management is delivered through a cloud-based platform. | 2004 | Santa Clara, California, United States | USD 83.7 M | USD 13.28 B | 26,290 | |
Cloud based platform offering IT operational data and security analytics software | 2003 | San Francisco, California, United States | USD 40 M | USD 2.59 M | 108 | |
Cloud-based enterprise management solutions including backup and recovery are provided. | 2003 | Singapore, Singapore | USD 658 M | – | – | |
Cloud and application performance management platform is provided. | 2010 | New York, New York, United States | USD 147.19 M | USD 2.68 B | 6,500 | |
Converged data management solutions are provided for backup and recovery. | 2014 | Palo Alto, California, United States | USD 553 M | USD 1.32 B | 3,200 | |
IT backup and recovery solutions are provided via cloud platform. | 2006 | Columbus, Ohio, United States | USD 1.04 B | – | – | |
IT outsourcing services are delivered across multiple business lines. | 2011 | Bengaluru, Karnataka, India | USD 64.83 M | USD 246.74 M | 5,260 | |
Analytics and digital solutions for healthcare and banking are provided. | 1999 | New York, New York, United States | USD 10 M | USD 2.09 B | 59,500 |
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Frequently Asked Questions about Device42
Device42 was founded in 2010 and raised its 1st funding round 4 years after it was founded.
Device42 is headquartered in West Haven, United States. It is registered at West Haven, Connecticut, United States.
Device42 is a funded company, having raised a total of $37.51M across 2 funding rounds to date. The company's 1st funding round was a Seed of $3.51M, raised on Dec 2014.
Device42 was founded in 2010 and is headquartered in West Haven, United States. The company operates in the IT infrastructure sector, providing cloud-based software for data center power management. Integration of data center infrastructure management, IP address management, IT asset management, application topology mappings, and enterprise password management is included. Visualization of data centers is supported, along with monitoring of CPU, memory, and network switches.
Device42's top competitors include ecobee, Particle and Landis+Gyr.
Device42 offers IT Asset Management, CMDB, Application Dependency Mapping, and Cloud Discovery.
Device42 has 7 investors. Key investors include Freshworks, Elm Street Ventures, Connecticut Innovations, Alpine Meridian, and Angel Investor Forum.
Device42 operates through Device42, Inc..
Yes. Device42 was acquired by Freshworks in May 2024.