DevonWay Closes C Series Funding

DevonWay, Inc., a San Francisco, CA-based provider of enterprise-class SaaS-based solutions for the nuclear power industry, has closed a Series C fnancing of undisclosed amount.
The round was led by Crosslink Capital.
DevonWay intends to use the new capital to accelerate its Enterprise Asset Management product portfolio, expand its leadership team and expand both in the US and internationally.
The company has also expanded the management team with the appointment of Jeffrey J. Read as COO.
Led by Robert W. Felton, DevonWay Founder, President, CEO and one of its major investors, DevonWay provides hosted, highly configurable, 100% web-based solutions, which are designed to deliver systematic continuous improvement to corrective action, cyber security and enterprise asset management processes.
.The company has solution centers in Portland and Salt Lake City and Sales/Support offices in Charlotte, Atlanta, Philadelphia, Austin, Minneapolis, and Phoenix.

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