About Devize
Devize is a company based in Lehi (United States) founded in 2016. It operates as a SaaS (Software-as-a-Service), and Subscription Services. Devize has raised $2.75 million across 1 funding round from investors including Contrary. Devize offers products and services including Devize Platform and Raydian. Devize operates in a competitive market with competitors including Appian, Bubble, OutSystems, AppSheet and Crowdbotics, among others.
- Headquarter Lehi, United States
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Sectors
Technology
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Email
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Phone
*********
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Website
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Social
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- Legal Name Brevity, Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2.75 M (USD)
in 1 rounds
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Latest Funding Round
$2.75 M (USD), Seed
Feb 22, 2022
- Investors
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Employee Count
Employee Count
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Products & Services of Devize
Devize offers a comprehensive portfolio of products and services, including Devize Platform and Raydian. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
A platform for building apps visually with AI.
An AI tool for creating custom applications.
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Funding Insights of Devize
Devize has successfully raised a total of $2.75M through 1 strategic funding round. The most recent funding activity was a Seed round of $2.75 million completed in February 2022. 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 Total Funding
- Total Rounds 1
- Last Round Seed — $2.8M
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First Round
First Round
(22 Feb 2022)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2022 | Amount | Seed - Devize | Valuation | Contrary |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Devize
Devize has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Contrary. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Sector agnostic accelerator and venture capital fund focused on multiple sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Devize
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Devize
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Devize Comparisons
Competitors of Devize
Devize 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 Appian, Bubble, OutSystems, AppSheet and Crowdbotics, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Cloud-based low-code platform enables application development and automation.
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| domain | founded_year | HQ Location |
Cloud-based no-code platform for web application development is utilized.
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| domain | founded_year | HQ Location |
Low-code platform enables application development and deployment without coding.
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| domain | founded_year | HQ Location |
Mobile apps are built automatically from spreadsheets without coding.
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| domain | founded_year | HQ Location |
Low-code platform is utilized for application development and scaling.
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| domain | founded_year | HQ Location |
AI-powered low-code platform for application development is provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Devize
When was Devize founded?
Devize was founded in 2016 and raised its 1st funding round 6 years after it was founded.
Where is Devize located?
Devize is headquartered in Lehi, United States. It is registered at Lehi, Utah, United States.
Is Devize a funded company?
Devize is a funded company, having raised a total of $2.75M across 1 funding round to date. The company's 1st funding round was a Seed of $2.75M, raised on Feb 22, 2022.
What does Devize do?
Devize is established as an all-in-one platform for building applications visually and with AI integration. It operates in the technology sector, focusing on software development solutions. The platform is designed to eliminate the need for coding, allowing users to create custom software with a focus on features rather than syntax or infrastructure. Various tools and integrations are provided to support app creation, launch, and scaling across diverse use cases.
Who are the top competitors of Devize?
Devize's top competitors include Appian, Bubble and OutSystems.
What products or services does Devize offer?
Devize offers Devize Platform and Raydian.
Who are Devize's investors?
Devize has 1 investor. Key investors include Contrary.