About Devo
Devo is a company based in Cambridge (United States) founded in 2011 by Daniel Garcia, Juana Nunez Garcia, and Pedro Palao.. Devo has raised $483.97 million across 7 funding rounds from investors including Bessemer Venture Partners, General Atlantic and Eurazeo. Devo has completed 2 acquisitions, including Kognos and LogicHub. Devo offers products and services including Security Data Platform, Data Analytics Cloud, and Integrations. Devo operates in a competitive market with competitors including Splunk, Sumo Logic, ThoughtSpot, Exabeam and Looker, among others.
- Headquarter Cambridge, United States
- Founders Daniel Garcia, Juana Nunez Garcia, Pedro Palao
- Stage Unicorn
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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 Devo Technology 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
$483.97 M (USD)
in 7 rounds
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Latest Funding Round
$100 M (USD), Series F
Jun 02, 2022
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Investors
Bessemer Venture Partners
& 9 more
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Employee Count
Employee Count
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Investments & Acquisitions
Kognos
& 1 more
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Products & Services of Devo
Devo offers a comprehensive portfolio of products and services, including Security Data Platform, Data Analytics Cloud, and Integrations. 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.
Platform for real-time threat detection and incident response
Provides real-time data analytics for security operations
Enables third-party integrations for unified security ecosystems
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Funding Insights of Devo
Devo has successfully raised a total of $483.97M across 7 strategic funding rounds. The most recent funding activity was a Series F round of $100 million completed in June 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 7
- Last Round Series F — $100.0M
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First Round
First Round
(01 Nov 2013)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2022 | Amount | Series F - Devo | Valuation | Eurazeo | |
| Oct, 2021 | Amount | Series E - Devo | Valuation | TCV | |
| Sep, 2020 | Amount | Series D - Devo | Valuation | Georgian |
| 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 Devo
Devo has secured backing from 10 investors, including venture fund and institutional investors. Prominent investors backing the company include Bessemer Venture Partners, General Atlantic and Eurazeo. 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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Private equity and debt investments are managed across multiple sectors.
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Founded Year | Domain | Location | |
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Investment firm scaling software and technology companies from early to late stages.
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Founded Year | Domain | Location | |
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Venture capital is invested in global technology companies by TCV.
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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 Devo
Devo has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Kognos and LogicHub. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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AI-based security automation is provided for incident response orchestration.
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2016 | ||||
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Limited information available
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2012 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Devo
| 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 |
Devo Comparisons
Competitors of Devo
Devo 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 Splunk, Sumo Logic, ThoughtSpot, Exabeam and Looker, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud based platform offering IT operational data and security analytics software
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| domain | founded_year | HQ Location |
Cloud-based log management and security analytics solutions are delivered.
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| domain | founded_year | HQ Location |
AI-powered text data analytics platform is provided for enterprises.
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| domain | founded_year | HQ Location |
SIEM platform for threat detection and response is provided.
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| domain | founded_year | HQ Location |
Cloud-based data integration and visualization platforms are provided for enterprises.
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| domain | founded_year | HQ Location |
Cloud-based visual analytics and data visualization software are 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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Latest news on Devo
Frequently Asked Questions about Devo
When was Devo founded?
Devo was founded in 2011 and raised its 1st funding round 2 years after it was founded.
Where is Devo located?
Devo is headquartered in Cambridge, United States. It is registered at Cambridge, Massachusetts, United States.
Who is the current CEO of Devo?
Golabodin Hesmat is the current CEO of Devo.
Is Devo a funded company?
Devo is a funded company, having raised a total of $483.97M across 7 funding rounds to date. The company's 1st funding round was a Series D of $60M, raised on Nov 01, 2013.
What does Devo do?
Founded in 2011 and based in Cambridge, United States, Devo operates in the data analytics sector. A visual platform is provided to enterprises for real-time analysis of security, business operations, customer data, and logs. Streaming data is collected from applications, infrastructure, IoT devices, log files, and historical sources. Correlations are established, reports are generated, and data is visualized through charts and graphs to identify trends.
Who are the top competitors of Devo?
Devo's top competitors include Splunk, Sumo Logic and Tableau.
What products or services does Devo offer?
Devo offers Security Data Platform, Data Analytics Cloud, and Integrations.
Who are Devo's investors?
Devo has 10 investors. Key investors include Bessemer Venture Partners, General Atlantic, Eurazeo, Georgian, and Kibo Ventures.
What is Devo's valuation?
The valuation of Devo is $2B as of Jun 2022.
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