Venture Capital

Devo Technology Adds $60M In Growth Funding And Names Former Ibm Security Gm As New Ceo

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Georgian leads round with participation from Bessemer Venture Partners and Insight Partners; Marc van Zadelhoff tapped to accelerate security analytics market leadership CAMBRIDGE, Mass., September 15, 2020-- Devo Technology, the cloud-native data analytics and security company, today announced a $60 million Series D round and welcomed former LogMeIn chief operating officer and the co-founder and former leader of IBM’s $2 billion security business unit, Marc van Zadelhoff, as the company’s new chief executive officer (CEO). Georgian led the oversubscribed round, with Bessemer Venture Partners and existing investor Insight Partners also participating.

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