# Devo: Computer & network security, Boston, United States

> Devo: Devo Technology, founded in 2011 by Pedro Castillo, is a cybersecurity firm specializing in cloud-native data operations and security analytics.

Source: https://millionrounds.com/startup/devo-3 (Millionrounds; every figure on the page links to its filing or article)

United States · [Computer & network security startup](https://millionrounds.com/companies)

# Devo

Devo Technology, founded in 2011 by Pedro Castillo, is a cybersecurity firm specializing in cloud-native data operations and security analytics.

Funding reported Last round: Series F

Computer & network security Boston, United States

Company summary

- **Founded:** 2011 15 years old
- **Team:** 220 201 to 1,000 people
- **Funding reported:** $481M in dollars
- **Last round:** Series F Jun 2022

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Devo has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About Devo

Devo Technology, founded in 2011 by Pedro Castillo, is a cybersecurity firm specializing in cloud-native data operations and security analytics.

Headquartered in Cambridge, Massachusetts, Devo serves large enterprises in sectors such as telecommunications, financial services, and retail. The company has achieved a valuation of approximately $1.5 billion and has raised over $500 million in funding from notable investors. Devo's flagship offering is The Devo Platform, a cloud-native logging and security analytics solution. This platform enables real-time data ingestion and analysis, utilizing AI and automation to enhance security operations. Key features include rapid query speeds, noise reduction, and comprehensive data source coverage. The platform integrates essential security functions like SIEM, SOAR, and UEBA, providing tools for incident response and threat intelligence. Devo also offers visual data analytics and tailored support for Security Operations Centers and IT operations teams, helping them turn raw data into actionable insights.

## What company datasets say Devo raised

Funding, as reported

Reported in all **$481M** in dollars

Rounds **7**

Last round **Series F**

Last round size **$100M**

Last round date **Jun 2022**

Investors listed **11**

## Founders and team

From Devo's own website: 5 on the team.

- **Ken Naumann** Chief Executive Officer
- **Mike Soder** Chief Financial Officer
- **Oyefunke Fayoyin** Chief Information Security Officer
- **Tim Leehealey** VP Of Corporate Strategy, Marketing & Operations
- **Ingo Bednarz** General Counsel

## On 2 portfolio pages

Investors who name them

- [Storm Ventures](https://millionrounds.com/fund/storm-ventures)
- [Kibo Ventures](https://millionrounds.com/fund/kibo-ventures)

Each firm lists Devo on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

## The company, in detail

What they build

Known for

security event correlation user experience managed security services incident response customer engagement it operations security data scalability soc integration multinational enterprise security security workflow automation threat detection automation data visibility unified security platform enterprises security analytics visualization security alert triage

Built with from their website

Microsoft Azure Monitor ServiceNow Configuration Management Database Docker Amazon SES Pendo. Salesforce Service Cloud Dell Technologies Salesforce CRM Analytics AWS Trusted Advisor Atlassian

+8 more

CallMiner Eureka Google Cloud Google Ads Splunk SOAR Google Workspace Gem Snyk Code UKG

- **Sector:** Computer & network security
- **Industry code:** NAICS 54151, 513210, SIC 7375, 7372
- **Region:** Massachusetts
- **Revenue:** $133M a year, as listed
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/devo)

## Computer & network security in United States

Startups like it

- [**Keyfactor** Independence · founded 2001 *Raised*](https://millionrounds.com/company/keyfactor)
- [**ReliaQuest** Tampa · founded 2007 *Raised*](https://millionrounds.com/company/reliaquest)
- [**Chainguard** Kirkland · founded 2021 *Raised*](https://millionrounds.com/company/chainguard)
- [**Tanium** Kirkland · founded 2007 *Raised*](https://millionrounds.com/company/tanium)
- [**Exaforce** San Jose · founded 2023 *Raised*](https://millionrounds.com/company/exaforce)
- [**ThreatLocker** Orlando · founded 2017 *Raised*](https://millionrounds.com/company/threatlocker)
- [**Illumio** Sunnyvale · founded 2013 *Raised*](https://millionrounds.com/company/illumio)
- [**Exabeam** Broomfield · founded 2013 *Raised*](https://millionrounds.com/company/exabeam)

## Is this your company?

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