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Cloud-native data analytics platform for security and IT operations, enabling threat detection, incident investigations, and centralized log management.
Devo has raised $481.0M across 6 funding rounds.
Key people at Devo.
Devo has raised $481.0M in total across 6 funding rounds.
Devo Technology provides a cloud native data analytics platform for security and IT operations, enabling threat detection, incident investigations, and centralized log management. Operating on a subscription based SaaS model, the company serves major cybersecurity clients, highlighted by a nine and a half million dollar contract with the US Air Force for Security Information and Event Management technology. The organization has raised 131 million dollars in total funding, including a 60 million dollar Series D round backed by prominent venture capital investors Georgian, Bessemer Venture Partners, and Insight Partners. Driven by an eighty percent year over year growth rate in the first half of 2020, the enterprise expanded its operational scale to an estimated 150 to 200 employees. Following the executive transition of Marc van Zadelhoff, the cybersecurity firm is currently guided by Chief Executive Officer Ken Naumann.
Devo is a technology company that builds a cloud-native, real-time security data platform designed to empower security teams to detect and respond to cyber threats faster and more effectively. Its platform serves large enterprises by ingesting and analyzing massive volumes of data—logs, metrics, and other system data—in real time to provide comprehensive threat detection, incident response, and security analytics. Devo’s solution addresses the challenge of managing complex and expanding attack surfaces by enabling sub-second query speeds, always-hot data access, and integrated security tools like SIEM, SOAR, and UEBA. The company has demonstrated strong growth momentum, nearly doubling its customer base and revenue in recent years, and recently raised $100 million at a $2 billion valuation to accelerate global expansion and innovation[1][3][4].
Devo was founded with a mission to reinvent how data and security analytics are used to empower faster, more confident action at any scale. The company’s leadership team brings over 100 years of combined experience in cybersecurity, guiding Devo’s evolution into a leading AI-powered security analytics platform. The idea emerged from the need to simplify breach detection and security operations in environments generating hundreds of terabytes of data daily. Early traction included rapid adoption by large enterprises seeking scalable, cloud-native solutions that reduce manual investigation time and improve threat detection accuracy[1][4].
Devo rides the critical trend of real-time big data analytics in cybersecurity, addressing the urgent need for enterprises to secure increasingly complex and distributed IT environments. The timing is crucial as cyber threats grow in scale and sophistication, and organizations demand faster, more automated security operations. Market forces such as cloud adoption, digital transformation, and regulatory pressures drive demand for scalable, cloud-native security platforms like Devo. By enabling faster threat detection and response, Devo influences the broader ecosystem by setting new standards for data-driven security and operational efficiency[1][2][4].
Looking ahead, Devo is poised to expand its global footprint, particularly in the Asia-Pacific region and public sector, while continuing to innovate with AI-powered analytics and automation. Trends shaping its journey include the growing importance of cloud-native security, AI in threat detection, and the need for unified security operations platforms. Devo’s influence is likely to grow as enterprises increasingly prioritize real-time, scalable security analytics to defend against evolving cyber threats, reinforcing its position as a key player in the cybersecurity technology landscape[4][1].
Devo has raised $481.0M in total across 6 funding rounds.
Devo's investors include 3one4 Capital, Altaclub VC, Altair Capital Management, Angel Invest, Bedrock Venture Partners, Eurazeo, Jenny Fielding, Scott Hartley, General Atlantic, Insight Partners, Lightspeed India Partners, Matthew Lloyd-Thomas.
Key people at Devo.
Devo has raised $481.0M across 6 funding rounds. Most recently, it raised $100.0M Series F in June 2022.
