Devo’s$100 Million Series J Funding Round

Allen & Overy advised Eurazeo on the deal.

The funding round comes on the heels of Devo’s acquisition of Kognos, the AI-powered threat hunting pioneer, which marked a key step in delivering what Devo calls the autonomous SOC— complete visibility, automation, analytics, and open access to community expertise and content.

The $100 million is a Series J funding at a valuation of $2 billion. The investment by Eurazeo resulted in Eurazeo holding 4.0% of the issued share capital and a board seat designated by Eurazeo.

Eurazeo—a leading global investment firm with over $30 billion in assets under management—led the round, and all other existing investors—Insight Partners, Georgian, TCV, General Atlantic, Bessemer Venture Partners, Kibo Ventures—also participated. Additionally, ISAI Cap Venture provided a strategic investment in the round.

Devo is the only cloud-native logging and security analytics platform that releases the full potential of your data to empower bold, confident action.

The deal team was led by San Francisco-based senior counsel Molly Holsinger (Corporate) and New York-based partners, Nick Marchica (Picture – M&A) and Brian Jebb (Employment and Benefits).

Involved fees earner: Molly Holsinger – Allen & Overy; Brian Jebb – Allen & Overy; Nick Marchica – Allen & Overy;

Law Firms: Allen & Overy;

Clients: Eurazeo;

Giulia Di Palma

Author: Giulia Di Palma