Devo Solutions, a late-stage firm that develops data logging and security analytics technology, has raised another 100 million in funding, bringing its total worth to almost 2 billion.
The Cambridge, Massachusetts based company revealed that Eurazeo, an investment business, led the Series F financing. Insight Partners, Georgian, TCV, General Atlantic, Bessemer Venture Partners, and Kibo Ventures were among the existing investors. With this round, the total amount raised has surpassed 500 million.
The fresh funds will be used to expand into new areas and verticals, accelerate the fulfilment of the business’s “autonomous SOC” vision, and support possible acquisitions, according to the company.
