Devo, formerly known as Logtrust, is a cloud-native data analytics and security company built to address the new machine data fundamentals.

Devo is the only cloud-native logging and security analytics platform that releases the full potential of your data to empower bold, confident action.

Devo was founded in Madrid in 2011 by Pedro Castillo. The company is headquartered in Cambridge, Massachusetts, with operations in North America, Europe and Asia-Pacific.

 

Devo integrates with existing data sources and infrastructure to offer querying capabilities, real-time alerting, data aggregations that automatically summarize data, and up to 400 days of logs.

 

Devo's log type can ingets up to 1 million events per second. The company delivers a workbench that allows users to tap prebuilt machine learning models or craft their own, deploying them to make predictions.

 

Devo's customers inlcude Sonos, AT&T, Unisys, Powerco, Ivy Tech Community College and Oklahoma University. The company recently launched Devo Exchange, a community-based application marketplace for Devo customers and partners. Devo also acquired Kognos in Apr 2022.

 

Devo is backed by Insight Partners, TCV, Georgian, Bessemer Venture Partners, General Atlantic, Eurazeo, Kibo Ventures, ISAI Cap Venture, and others. The company raised $100M in Series F round on Jun 02, 2022. This brings Devo's total funding to $481M to date. The latest round valued the company at a $2B post-money. Devo was previously valued $1.5B from a Series E round raised in Oct 2021.

 

 

  • Year founded: 2011
  • Funding Info: $481M over 7 Rounds (Latest Funding Type: Series F)
  • Yearly Revenue: NA
  • Employee Size: 501-1,000
  • Business Valuation: Valued at $2B as of Jun 02, 2022
  • City/Town: Cambridge
  • State: Massachusetts
  • Country: United States
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