Devo Raises $100 Million For Autonomous SOC
Autonomous SOC platform company Devo has raised $100 million in Series F financing to broadly expand operations, including data analysis tools for ML.
Created on June 2|Last edited on June 2
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Handling large amounts of data can be complicated, and applying that data to your organization's security needs is even more so. And of course, that's where it's arguably most critical.
The SOC (Security Operations Center) firm Devo offers a solution to these concerns and more with a powerful platform for security data analysis as well as AIOps. Whether it's diagnosing router interaction issues, adding observability to you microservice-based applications, or just scale your team more easily, the Devo platform is there to simplify with intuitive no-code tools.
Who's funding Devo and where's the money going?
Today Devo has announced the completion of a Series F funding round, securing $100 million and sending the company's valuation up to $2 billion. The funding round was led by Eurazeo with additional participation from Insight Partners, Georgian, TCV, General Atlantic, Bessemer Venture Partners, Kibo Ventures, and ISAI Cap Venture.
The raised money will be going towards company growth and expanding their reach, as well as the further development and expansions of their platform.
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Tags: ML News
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