Devo Technology: Raises $100M in Series F funding; Valued at $2 Billion

Devo Technology Raises $100M in Series F funding; Valued at $2 Billion

• 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
• The round, which brings the total capital raised to more than $500 million, was led by Eurazeo with participation from existing investors
• 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
• The company provides a cloud-native logging and security analytics platform that leverages existing data to empower action and protect an organization