About Devo
Devo is a Technology company based in Cambridge (United States) founded in 2011 by Daniel Garcia, Juana Nunez Garcia, Pedro Palao, and Pedro Castillo. Visual data analytics platform is offered for enterprise insights. Devo has raised $500 million across 7 funding rounds from investors including Bessemer Venture Partners, General Atlantic and Eurazeo. The company has 494 employees. Devo has completed 2 acquisitions, including Kognos and LogicHub. Devo was last valued at $1.9 billion in April 2024. Its chief executive, as recorded, is Golabodin Hesmat. Its website devo.com draws about 55 thousand monthly visits. Its Indian entity Black Diamond Motors Private Limited reported revenue of ₹301 Cr. Devo offers products and services including Security Data Platform, Data Analytics Cloud, and Integrations. Its focus areas include Enterprise Infrastructure, IT Operations, ITOM and IT Operations Analytics. Its competitors include Splunk, Sumo Logic and ThoughtSpot; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Cambridge, United States
- Employees 494
- Founders Daniel Garcia, Juana Nunez Garcia, Pedro Palao, Pedro Castillo
- Stage Unicorn
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website devo.com
- Social LinkedIn X YouTube
- Legal Name Devo Technology Inc.
- Date of Incorporation 21 Sep, 2005
- Indian entity revenue₹301 Cr
FY 2025 · -25% YoY
- Indian entity net profit₹4.9 Lakh
FY 2025 · 0% margin
- Indian entity EBITDA₹13.21 Cr
FY 2025 · 4% margin
- Total Equity Funding$500M (USD)
in 7 rounds
- Latest Funding Round$100M (USD), Series F
Jun 2022
- InvestorsBessemer Venture Partners
& 11 more
- Employee Count494
- Investments & AcquisitionsKognos
& 1 more
Associated legal entities of Devo
Devo operates through Black Diamond Motors Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Black Diamond Motors Private Limited CIN U34202CT2005PTC017971 | Active | 21 Sep 2005 | Bilaspur, Chhattisgarh | ₹301 Cr | 300 | 6 | View details |
Products & Services of Devo
Devo offers a comprehensive portfolio of products and services, including Security Data Platform, Data Analytics Cloud, and Integrations.
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
Apps and channels of Devo
its YouTube channel Devo has 823 subscribers and 30 videos.
Videos from Devo
The most watched videos on Devo's YouTube channel, Devo (823 subscribers). Click a video to play it here.
More on Devo.
Funding Insights of Devo
Devo has successfully raised a total of $500M 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 $500M
- Total Rounds 7
- Last Round Series F — $100M
- First Round $2.97M
(Nov 2013)
- Investors Count 12
All 7 funding rounds of Devo 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 |
|---|---|---|---|---|---|
| Jun 2022 | $100M | Series F | $2B | Eurazeo | |
| Oct 2021 | $250M | Series E | $1.5B | TCV | |
| Sep 2020 | $60M | Series D | – | Georgian | |
| Jun 2018 | $25M | Series C | – | Insight Partners | |
| Sep 2017 | $35M | Series B | – | Insight Partners | |
| Jan 2017 | $11M | Series A | – | Kibo Ventures, Investing Profit Wisely | – |
| Nov 2013 | $2.97M | Series A | – | Investing Profit Wisely | – |
| Date | Valuation | Stage |
|---|---|---|
| Jun 2022 | $2B | •••••••• |
| Oct 2021 | $1.5B | •••••••• |
Last known valuation $1.9B (Apr 2024). 12 investors in total: 12 institutional.
Investors in Devo
Devo has secured backing from 12 investors, including venture fund and institutional investors. Prominent investors backing the company include Bessemer Venture Partners, General Atlantic and Eurazeo.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity and debt investments are managed across multiple sectors. | 1969 | eurazeo.com | Paris, France | |
Investment firm scaling software and technology companies from early to late stages. | insightpartners.com | |||
Venture capital is invested in global technology companies by TCV. | tcv.com | Menlo Park, United States | ||
Venture capital is provided to expanding B2B software companies. | 2008 | georgian.io | Toronto, Canada | |
Private equity fund focused on global markets | 1980 | generalatlantic.com | New York, United States | |
Venture capital investments and support for entrepreneurs in technology and innovation sectors. | 1911 | bvp.com | Redwood City, United States | |
Technology sectors are invested in by this venture capital firm. | 2012 | kiboventures.com | Madrid, Spain | |
| ipw.es | ||||
Atlantic Bridge is focused on growth equity investments in technology. | abven.com | |||
ISAI is recognized as a French venture capital fund focused on tech entrepreneurs. | isai.vc | Paris, France |
Investor details for Devo
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
Verified entity values are shown only after access is granted.
Board of directors of Black Diamond Motors Private Limited (Devo)
Black Diamond Motors Private Limited is the primary company behind Devo. The board of Black Diamond Motors Private Limited currently have 5 directors; the longest-serving is Pushpinder Singh Bhatia, appointed in 2005. 6 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Pushpinder Singh Bhatia DIN 01221058 | Director | 21 Sep 2005 | 21 yrs 1 mo | Black Diamond Motors Private Limited |
| Pawandeep Singh Bhatia DIN 03250044 | Director | 01 Sep 2010 | 16 yrs 2 mo | Black Diamond Motors Private Limited |
| Jacob Thomas DIN 08447257 | Director | 09 May 2019 | 7 yrs 5 mo | Black Diamond Motors Private Limited |
| Prabhjot Singh Bhatia DIN 07040988 | Director | 01 Aug 2021 | 5 yrs 3 mo | Black Diamond Motors Private Limited |
| Tanmay Ganguly DIN 10736631 | Director | 04 Sep 2024 | 2 yrs 2 mo | Black Diamond Motors Private Limited |
People of Devo
14 people are tracked at Devo (7 in leadership, 6 in board & advisors, 1 in team); the tracked headcount is 494.
| Name | Role | Group |
|---|---|---|
Daniel Garcia | Co-Founder & Vice President of Engineering | Leadership |
Juana Nunez Garcia | Co-Founder & Vice President of Engineering | Leadership |
Pedro Palao | Co-Founder | Leadership |
Golabodin Hesmat | CEO | Leadership |
Dejan Sparavalo | CEO | Leadership |
Ken Naumann | CEO | Leadership |
Pedro Castillo | Founder | Leadership |
Justin Lafayette | Board Director | Board & advisors |
Tom Schodorf | Board Director | Board & advisors |
Sebastian Gunningham | Board Director | Board & advisors |
Jeff Horing | Board Director | Board & advisors |
Emmet B. Keeffe III | Board Director | Board & advisors |
Dan Burns | Advisor | Board & advisors |
Walter Scott | Chairman Of The Board | Team |
Complete people profiles for Devo
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
Verified entity values are shown only after access is granted.
Financials of Devo
Figures of Black Diamond Motors Private Limited, the primary company behind Devo, for FY 2025. Revenue was ₹301 Cr (-25% year on year). Net profit was ₹4.9 Lakh (0% margin). EBITDA was ₹13.21 Cr (4% margin). Revenue has grown at a compounded annual rate of +19% over three years.
- ₹301 CrRevenue · FY 2025 · -25% YoY
- ₹4.9 LakhNet profit · 0% margin
- ₹13.21 CrEBITDA · 4% margin
- ₹20.03 CrPaid-up capital
- 300Employees (provident fund records)
- +19%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Black Diamond Motors Private Limited are on its company page.
Detailed financial statements for Devo
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Devo
Devo has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Kognos and LogicHub.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
AI-based security automation is provided for incident response orchestration. | logichub.com | San Francisco, United States | 2016 | Sep 2022 | •••• | |
Limited information available | kognos.io | London, United Kingdom | 2012 | Apr 2022 | •••• |
Complete acquisition details for Devo
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Devo
6 dated milestones of Devo across 11 years, from founding to its latest funding, stage changes and deals.
Competitors of Devo
Devo has 3 listed competitors in our database, 3 of them funded. They include Splunk, Sumo Logic and ThoughtSpot.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| splunk.com | 2003 | San Francisco, United States | $40M | 10 | Cloud based platform offering IT operational data and security analytics software | |
| sumologic.com | 2010 | Redwood, United States | $345.6M | Cloud-based log management and security analytics solutions are delivered. | ||
| thoughtspot.com | 2012 | San Jose, United States | $674M | AI-powered text data analytics platform is provided for enterprises. |
Detailed competitors of Devo
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Devo
The website of Devo (devo.com) receives about 54.8K visits a month.
- Monthly visits54.8K
▲ 18.6% vs previous month
Websites whose visitors overlap most with Devo. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
txtformat.com | txtformat.com | 100% | #768,664 | – | |
| shieldapp.ai | 86% | 680.7K | #317,395 | View details | |
| q3tech.com | 86% | 17.2K | #1,622,097 | View details | |
| attractgroup.com | 86% | #988,869 | View details | ||
| toxsl.com | 86% | 12.4K | #1,786,637 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Devo
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.
Top companies in IT Services & Operations
3 companies that operate in the same segment as Devo (IT Services & Operations) in United States, 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 | 4,473 | |
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 |
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Related news about Devo
Complete news archive for Devo
Full article history, source details, and older brand coverage require an active premium plan.
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Frequently Asked Questions about Devo
Devo was founded in 2011 and raised its 1st funding round 2 years after it was founded.
Devo is headquartered in Cambridge, United States. It is registered at Cambridge, Massachusetts, United States.
Golabodin Hesmat is the CEO of Devo, as recorded in our data.
Devo is a funded company, having raised a total of $500M across 7 funding rounds to date. The company's 1st funding round was a Series A of $2.97M, raised on Nov 2013.
Devo has 494 employees.
The primary company behind Devo, Black Diamond Motors Private Limited, reported revenue of ₹301 Cr for FY 2025, down 25% year on year.
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.
Devo's top competitors include Splunk, Sumo Logic and ThoughtSpot.
Devo offers Security Data Platform, Data Analytics Cloud, and Integrations.
Devo has 12 investors. Key investors include Bessemer Venture Partners, General Atlantic, Eurazeo, Georgian, and Kibo Ventures.
The valuation of Devo is $1.9B as of Apr 2024.