CAMBRIDGE, MA, Devo Technology, the cloud-native logging and security analytics company, today announced $250 million in Series E funding at a valuation of $1.5 billion.
TCV led the round, along with new investors General Atlantic and Eurazeo and existing investors Bessemer Venture Partners, Insight Partners, Georgian and Kibo Ventures. The round brings the total capital raised to more than $400 million. The new funding will fuel aggressive growth across new regions and market verticals, and significantly increase investment in channel expansion and product innovation.
Devo is the only cloud-native logging and security analytics platform that releases the full potential of your data to empower bold, confident action. With unrivaled scale to collect all of your data without compromise, speed to give you immediate access and answers, and clarity to focus on the signals that matter most, Devo is your ally in protecting your organization today and tomorrow.
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