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Devo Technology Has Announced A $100 Million Outlay To Expand An ‘automated Soc’

Devo is the first cloud-native monitoring and protection software solution that unleashes your database’s full potential to make strong, assured decisions. The company confirmed that it has secured $100 million as part of a series F fundraising round and is valued at $2 billion potential.

The funding round was spearheaded by global investment institution Eurazeo, and the group plans to use the resources to fuel its operations and expedite its vision of an “independent SOC.”

Previously, The software solution company Devo had raised a $25 million Series C funding round led by Insight Venture Partners and a new investment from Kibo Ventures and this investment brings the company Devo,s total funding is $71 million.

Devo is your companion in preserving your corporation both today and tomorrow, with the unprecedented capacity to aggregate all of your intelligence without restriction. Efficiency continues to provide you with better accessibility and solutions, and transparency to pinpoint the indications that matter most. 

Recent News

Devo has earned a $100 million investment tranche, increasing its potential to $2 billion. The cloud-native recording and vulnerability analytics firm have now garnered more than $500 million in total funding. The current capital round was led by the multinational investment company Eurazeo. Participants included Insight Associates, Georgian, TCV, General Atlantic, Bessemer Capital Partners, and Kibo Capital as per millertechcrunch.

In addition, ISAI Cap Venture made a prudent contribution. The funding follows Devo’s purchase of Kognos, the trailblazer in AI-powered hazard hunting. This was a significant milestone in achieving what Devo refers to as the independent SOC – comprehensive insight, orchestration, metrics, and open accessibility to community resources and information.

According to the company, the autonomous SOC would connect easily with cybersecurity and IT technologies. It will allow SOC administrators to make use of productivity technologies such as AI and deep learning. Companies will respond quickly and effectively to incidents and anticipate dangers on large-scale, cloud, and traditional architectures.

About Devo

Pedro Castillo launched Devo Technology in 2011, and it is incorporated in Cambridge, Massachusetts. Devo is revolutionizing how information and security analytics can be employed to enable faster, greater, more reliable action—at any scale. Devo is singularly focused on redefining how its clients use security and information analytics to facilitate rapid, more trusted action.

Everything the organization does is driven by its dedication to surpassing your preconceived notions. With the help of Devo, technology licensees, MSPs/MSSPs, solution architects, distributors, and management consulting partner organizations can provide their clientele with next-generation technology with the help of Devo. Devo works with several outstanding companies.

Success Stories From Clients

Devo Is Used By Sprout Social To Safeguard Consumer Data.

Sprout Social needed to increase its SOC due to significant continued expansion to secure the confidentiality of consumer and business communications and to maintain the business’s reputation. Sprout Social chose Devo to advance alongside the company’s SOC. Because both are SaaS firms built on the cloud, for the cloud, the synergy was logical.

Sprout Social has moved quickly in a constantly developing regulatory environment, being able to expand with the virtualized environment and protect its consumer and business data from experienced attackers thanks to Devo guarding its data.

Panda And Devo Team Up To Stop Next-generation Malicious Activity And Secure Metastasizing Access Points

Despite having a strong vulnerability management product, Panda saw the need for a forward-thinking collaborator to contribute to the creation of new capabilities and design marketing for its clients. Devo was ideal. Panda prioritized choosing a partner with a cloud-based architecture capable of collecting and swiftly analyzing enormous amounts of information in human and machine languages.

Devo Financials And Technologies Used

Devo has received $481 million in investment over seven rounds. On June 2, 2022, they received a Series F round of capital. Eleven investors have contributed to the funding of Devo. The most significant investors are Eurazeo and Insight Ventures. According to PrivCo, Devo has a post-money capitalization of $1B to $10B as of June 2, 2022. On April 21, 2022, Devo bought Kognos.

As per G2 Stack, Devo employs 41 technological resources and services, notably HTML5, Google Analytics, and jQuery. According to BuiltWith, Devo is presently employing 33 technologies in its domain. Domain Not Addressing, IPv6, and Amazon are a few examples.

Conclusion

Pedro Castillo launched Devo Technology in 2011, and it is incorporated in Cambridge, Massachusetts. The funding round was spearheaded by global investment institution Eurazeo, and the group plans to use the resources to fuel its operations and expedite its vision of an “independent SOC.”

With the help of Devo, technology licensees, MSPs, MSSPs, solution architects, distributors, and management consulting partner organizations can provide their clientele with next-generation technology with the help of Devo. Devo Financials and technologies used by Devo have received $481 million in investment over seven rounds.

FAQs

What is Devo?

Devo is the first cloud-native monitoring and protection software solution that unleashes your database’s full potential to make possible strong, assured decisions.

When was the company founded?

Devo Technology was launched in 2011.

Who founded it?

Pedro Castillo founded Devo Technology.

How much Devo has raised till now?

Devo has received $481 million in investment over seven rounds.

Which company did Devo acquire?

On April 21, 2022, Devo bought Kognos.

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