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.
Eurazeo led the round with participation from existing investors Insight Partners and Georgian. 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.
Marc van Zadelhoff, the CEO, leads Devo, a cloud-native logging and security analytics platform. It uses existing data to empower and protect an organisation. The company is headquartered in Cambridge, Massachusetts. It will continue to expand in new geographies and verticals, especially in the public sector and in the Asia-Pacific region (APAC). Devo Exchange, a community-based app marketplace for Devo customers as well as partners, was launched recently.