# Device42 funding: rounds and investors

> Device42 has raised $39M across 3 rounds since 2014. Investors include Connecticut Innovations, Angel Invest and Alpine Meridian. Every round with its source.

Source: https://millionrounds.com/company/device42 (Millionrounds; every figure on the page links to its filing or article)

United States · [Series A startup](https://millionrounds.com/companies)

# Who invested in *Device42*

3 rounds we have observed, with the 3 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Software Internet

Funding summary Updated 26 Oct 2026

**$39M** raised across 3 rounds since 2014, from 3 sources

**$3.5M** Seed **$1.0M** Round **$34M** Series A

- **Latest round:** Series A, $34M Mar 2019
- **Step-up i:** 34×
- **Investors:** 3

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2015 2016 2017 2018 2019

**$3.5M** Seed

**$1.0M** Round

**$34M** Series A

- **First round:** Seed, $3.5M
- **Biggest round:** $34M
- **Between rounds:** 4.2 years

## The rounds

- **Mar 2019** Series A **$34M** *1 new* *1 returning* [Angel Invest](https://millionrounds.com/fund/angel-invest) [Connecticut Innovations](https://millionrounds.com/fund/connecticut-innovations) Reported by FinSMEs
- **Jan 2015** Round **$1.0M** *1 new* [Connecticut Innovations](https://millionrounds.com/fund/connecticut-innovations) From a historical funding record SEC filing: $3.5M sold, first sale Dec 2014
- **Dec 2014** Seed **$3.5M** *1 new* [Alpine Meridian](https://millionrounds.com/fund/alpine-meridian) From a historical funding record SEC filing: $3.5M sold, first sale Dec 2014

## Founders and team

From Device42's own website and the SEC filings it signed: 1 founder, 6 on the team.

**Raj Jalan** Founder & CEO

- **Andrew Wharton** Chief Technology Officer
- **Eric Shoemaker** Chief Revenue Officer
- **Yama Habibzai** Chief Marketing Officer
- **Mark Holland** VP of Customer Success
- **Rajneesh Jalan** Executive Officer, Director i
- **Steven P. Shwartz** Executive Officer, Director i

On the board, as filed i *Chris P. Penner* *John P. Kole*

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Seed** 2014 **Round** 2015 **Series A** 2019 [Connecticut Innovations](https://millionrounds.com/fund/connecticut-innovations) [Angel Invest](https://millionrounds.com/fund/angel-invest) [Alpine Meridian](https://millionrounds.com/fund/alpine-meridian)

## Everyone who backed them

[Connecticut Innovations](https://millionrounds.com/fund/connecticut-innovations) Government **2** rounds

[Angel Invest](https://millionrounds.com/fund/angel-invest) VC firm **1** round

[Alpine Meridian](https://millionrounds.com/fund/alpine-meridian) VC firm **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=device42).

## Quick answers about Device42

### Who invested in Device42?

Device42's investors include Connecticut Innovations, Angel Invest and Alpine Meridian.

### How much has Device42 raised?

Device42 has raised $39M across 3 rounds since 2014.

### When did Device42 last raise?

Device42's most recent round was a Series A of $34M in Mar 2019.

### What was Device42's biggest round?

Its most recent round, $34M in Mar 2019, is also its largest on record.

### Who backed Device42 first?

Device42's first round on record, in Dec 2014, was backed by Alpine Meridian.

### What stage is Device42 at?

Device42's latest named round is a Series A, in Mar 2019.

### Where is Device42 based?

Device42 is based in the United States.

## Companies like Device42

In the same sector, and raised in the last eighteen months.

[**TruAgents** $3.4M · Oct 2026](https://millionrounds.com/company/truagents)[**Whop** $400M · Oct 2026](https://millionrounds.com/company/whop)[**VECKTA** $11M · Oct 2026](https://millionrounds.com/company/veckta)[**Fireworks AI** $1.7B · Oct 2026](https://millionrounds.com/company/fireworks-ai)[**Tolan** $30M · Oct 2026](https://millionrounds.com/company/tolan)[**Punch** $11M · Oct 2026](https://millionrounds.com/company/punch)

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