Security News > 2020 > September > Devo Technology Raises $60 Million, Names New CEO
Devo Technology, a company that provides data analytics and security solutions, announced on Tuesday that it has raised another $60 million and that Marc van Zadelhoff has been appointed its chief executive officer.
The $60 million that Devo raised in this Series D round brings the total secured by the company to $131 million.
"Our fast-growing global presence has Devo represented across the U.S., UK, and Spain, and with this new investment comes new opportunities to increase our global footprint as an innovator in data analytics and security."
"With Devo, organizations implementing security analytics and log management platforms no longer have to make compromises on speed, or struggle with scalability limitations or price constraints. Devo is cloud native, affordable, scalable, cloud agnostic and fast as hell. These are advantages that customers are dying to have and it made me want to be part of Devo. I know we have the team and the technology in place to build a company for the history books."
Devo has developed a data analytics platform that has a wide range of use cases, including threat detection, threat hunting, incident investigations, centralized log management, monitoring, and IT operations.