# PE firms backing DevOps (2026 list) > 21 PE firms backing DevOps, 95% active in the last 12 months. Led by Pioneer Fund, Morgan Stanley Investment Management, TCV. Ranked by what they funded. Source: https://millionrounds.com/lists/pe-firms-devops (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # PE firms backing DevOps Updated 7 November 2026 PE firms we have observed in a devOps round in the last two years. [See all 21 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fpe-firms-devops)The top 21 **21** investors on the list *+1* this week **391** cheques in 12 months *+2%* against the market **$41M** median round they joined *+413%* against the market median **95%** wrote a cheque in 12 months **86%** have led a round ## The Top 21 Ordered by cheques observed, never by anything anyone paid for Deploying now (20) - 1 [Pioneer Fund](https://millionrounds.com/fund/pioneer-fund-2) *Deploying now* Private equity · United States **551** **$2.9M** median round **Nov 2026** last seen - 2 [Morgan Stanley Investment Management](https://millionrounds.com/fund/morgan-stanley-investment-management) *Deploying now* Private equity · United States **288** **$56M** median round **Oct 2026** last seen - 3 [TCV](https://millionrounds.com/fund/tcv) *Deploying now* Private equity · United States **200** **$100M** median round **Oct 2026** last seen - 4 [K5 Global](https://millionrounds.com/fund/k5-global) *Deploying now* Private equity · United States **199** **$11M** median round **Oct 2026** last seen - 5 [DST Global](https://millionrounds.com/fund/dst-global) *Deploying now* Private equity · United Kingdom **158** **$81M** median round **Oct 2026** last seen - 6 [WndrCo](https://millionrounds.com/fund/wndrco) *Deploying now* Private equity · United States **114** **$15M** median round **Sept 2026** last seen - 7 [Human Capital](https://millionrounds.com/fund/human-capital-2) *Deploying now* Growth equity · New Zealand **81** **$24M** median round **Oct 2026** last seen - 8 [Sorenson Capital](https://millionrounds.com/fund/sorenson-capital) *Deploying now* Private equity · United States **74** **$25M** median round **Oct 2026** last seen - 9 [Advent International](https://millionrounds.com/fund/advent-international) *Deploying now* Private equity · United States **59** **$740M** median round **Oct 2026** last seen - 10 [Addition](https://millionrounds.com/fund/addition) *Deploying now* Private equity · United States **58** **$38M** median round **Sept 2026** last seen - 11 [Atlantic](https://millionrounds.com/fund/atlantic) *Deploying now* Private equity · Germany **53** **$35M** median round **Oct 2026** last seen - 12 [PremjiInvest](https://millionrounds.com/fund/premji-invest) *Deploying now* Private equity · India **31** **$163M** median round **Oct 2026** last seen - 13 [Providence Equity Partners](https://millionrounds.com/fund/providence-equity-partners-2) *Deploying now* Private equity · United States **19** **$88M** median round **Sept 2026** last seen - 14 [One Peak](https://millionrounds.com/fund/one-peak) *Deploying now* Growth equity · United Kingdom **14** **$34M** median round **Jul 2026** last seen - 15 [Canada Pension Plan Investment Board](https://millionrounds.com/fund/canada-pension-plan-investment-board) *Deploying now* Growth equity · Canada **7** **$200M** median round **Oct 2026** last seen - 16 [Figma](https://millionrounds.com/fund/figma) *Deploying now* Growth equity · United States **6** **$41M** median round **Feb 2026** last seen - 17 [Picture Capital](https://millionrounds.com/fund/picture-capital) *Deploying now* Private equity **6** **$90M** median round **Oct 2026** last seen - 18 [Amex Ventures](https://millionrounds.com/fund/amex-ventures) *Deploying now* Growth equity · United States **5** **$120M** median round **Nov 2026** last seen - 19 [Brighton Park Capital](https://millionrounds.com/fund/brighton-park-capital) *Deploying now* Private equity · United States **5** **$80M** median round **Jun 2026** last seen - 20 [Capmont Technology](https://millionrounds.com/fund/capmont-technology) *Deploying now* Growth equity · Germany **2** **$11M** median round **Jul 2026** last seen - 21 [Red Cell Partners](https://millionrounds.com/fund/red-cell-partners) quiet Private equity · United States **1** **$3M** median round **Mar 2025** last seen ## The Newest Cheques Rounds this list's investors joined most recently - **5** Nov **[Nyquis](https://millionrounds.com/company/nyquis)** Seed · $6.3M *With* [Pioneer Fund](https://millionrounds.com/fund/pioneer-fund-2) - **3** Nov **[Traversal](https://millionrounds.com/company/traversal)** Series B · $120M *With* [Amex Ventures](https://millionrounds.com/fund/amex-ventures) - **29** Oct **[Upwind](https://millionrounds.com/company/upwind)** Series C · $400M *With* [TCV](https://millionrounds.com/fund/tcv) - **28** Oct **[American Advanced Materials](https://millionrounds.com/company/american-advanced-materials)** Seed · $13M *With* [Human Capital](https://millionrounds.com/fund/human-capital-2) - **28** Oct **[Firehawk Defense](https://millionrounds.com/company/firehawk-defense)** Series D+ · $150M *Led by* [Advent International](https://millionrounds.com/fund/advent-international) - **28** Oct **[Wealthsimple](https://millionrounds.com/company/wealthsimple)** Growth · $425M *With* [Canada Pension Plan Investment Board](https://millionrounds.com/fund/canada-pension-plan-investment-board) ## Stages This Year 374 rounds - Seed **18%** - Venture **17%** - Series A **16%** - Series B **11%** - Pre-seed **8%** - Other **30%** ## What They Backed Sectors, last 12 months - AI **217** - Fintech **36** - Cybersecurity **20** - Big Data & Analytics **19** - Enterprise Software **19** - Healthcare **17** ## Cheques by Quarter Led Joined 104 Q1 25 78 Q2 25 121 Q3 25 128 Q4 25 133 Q1 26 105 Q2 26 68 Q3 26 26 Q4 26 The last bar is the quarter still running. ## Lists Like This - [VC firms backing AI 4,329](https://millionrounds.com/lists/vc-firms-ai) - [VC firms backing Fintech 1,856](https://millionrounds.com/lists/vc-firms-fintech) - [VC firms backing Big Data & Analytics 1,248](https://millionrounds.com/lists/vc-firms-big-data) - [VC firms backing Biotech 1,207](https://millionrounds.com/lists/vc-firms-biotech) - [VC firms backing Robotics 1,098](https://millionrounds.com/lists/vc-firms-robotics) - [VC firms backing Construction 1,025](https://millionrounds.com/lists/vc-firms-construction) - [VC firms backing Energy 998](https://millionrounds.com/lists/vc-firms-energy) - [PE firms backing AI 956](https://millionrounds.com/lists/pe-firms-ai) - [VC firms backing Cybersecurity 950](https://millionrounds.com/lists/vc-firms-cybersecurity) [All investor lists *→*](https://millionrounds.com/lists) ## Quick answers about PE firms backing DevOps ### Who are the most active PE firms backing DevOps? By cheques observed, the most active are Pioneer Fund, Morgan Stanley Investment Management, TCV, K5 Global and DST Global. ### How many PE firms backing DevOps are there? 21 are on record. 95% made an investment in the last 12 months and 86% have led a round. ### Which stages do PE firms backing DevOps back? Of the rounds with a named stage in the last 12 months, mostly Seed (24%) and Series A (21%). ### How big are the rounds PE firms backing DevOps join? The typical (median) round among the leading investors here is $41M. ### Which sectors do PE firms backing DevOps back most? In the last 12 months, mostly AI, Fintech and Cybersecurity. ### Which PE firms backing DevOps lead the most rounds? TCV (17 led), DST Global (12 led) and Morgan Stanley Investment Management (10 led). ### Where are PE firms backing DevOps based? Among the most active, most are based in the United States (13), the United Kingdom (2) and Germany (2). ### What have PE firms backing DevOps invested in recently? Recent rounds include Nyquis (Seed, Nov 2026, with Pioneer Fund), Traversal (Series B, Nov 2026, with Amex Ventures) and Upwind (Series C, Oct 2026, with TCV). Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)