Devo Technology Raises $100M in Series F funding; Valued at $2 Billion

Devo Technology

Devo Technology, a Cambridge, MA-based cloud-native logging and security analytics company, raised $100m in Series F funding at a valuation of $2 billion. 

The round, which brings the total capital raised to more than $500 million, was led by Eurazeo with participation from existing investors Insight Partners, Georgian, TCV, General Atlantic, Bessemer Venture Partners, Kibo Ventures, as well as ISAI Cap Venture. In conjunction with the funding, Guillaume d’Audiffret, Managing Director at Eurazeo, joined the Devo Board.

The company intends to use the funds to expand in new regions and verticals, accelerate its delivery of the “autonomous SOC” and fund potential new M&A expansion.

The funding round follows Devo’s acquisition of Kognos, an AI-powered threat hunting developer.

Led by Marc van Zadelhoff, CEO, Devo provides a cloud-native logging and security analytics platform that leverages existing data to empower action and protect an organization. Headquartered in Cambridge, Massachusetts, the company will continue to drive expansion in new verticals and geographies, particularly the public sector and the Asia-Pacific (APAC) region. It recently launched Devo Exchange, a community-based application marketplace for Devo customers and partners.