Devo is a Spanish company, specialized in the data analysis and security in the cloudwhich in recent years has been perfecting its services in terms of cybersecurity using AI to protect its customers.
In this way, you have automatic functions to protect systems, as well as data analytics and a user community to help you. The platform has performance, scalability and differentiating factors that make it well positioned and compete face to face with the large American cloud companies. In addition, it stands out for its efficient use of resources, which means that it can offer a differential factor in data analysis at a competitive cost.
Devo therefore has a cloud-native logging platform that unleashes the full potential of data and is capable of ensuring security operations, service operations, and SOAR. Among its most prominent clients are the United States Air ForceSonos, AT&T and Unisys.
The organization was founded in 2011 in Madrid by Pedro Castillo, until then responsible for security at Bankinter, in the garage of his home. Initially known as LogTrust, she was challenged to create a data analytics startup at a time when cloud computing and the potential of Big Data had yet to be realized. Currently, Pedro Castillo is the CEO and founder of Stealth, and remains in Devo as an advisor and member of the board of directors, after leaving his functions as CTO. The current CEO of the company is American Marc van Zadelhoff. The decision to appoint a top North American leader was framed within the strategy of growing in the United States.
The company’s headquarters are in Madridbut in recent years it has opened offices outside Spain, specifically in the United Kingdom (London) and the United States (Cambridge, Massachusetts)
Financing round of 93 million euros
In June 2022, Devo was able to lift a series F financing round of 93 million euros. The injection reached a valuation of 1,865 million euros and was led by Eurasian. Investors such as Insight Partners, Georgian, TCV, General Atlantic, Bessemer Venture Partners and Kibo Ventures also participated in it. In addition, ISAI Cap Venture made a strategic investment in the round.
This money is being invested in new regions and verticals, as well as accelerating the development of Devo’s “autonomous SOC” vision. On the horizon is the financing of possible new mergers and acquisitions.
