附近上门

Data analytics and security company has landed $60 million for its Series D round, the company announced Tuesday.

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Along with the funding news, the company announced that former COO Marc van Zadelhoff will join the Cambridge, Massachusetts-based company as its new CEO. Van Zadelhoff joined Devo鈥檚 board of directors in August, and now-former CEO Walter Scott will become chairman of the company鈥檚 board.

The new round was led by , with and also participating in the round, according to a statement from the company.

The new funding will be used to grow 鈥渁ll parts of the business,鈥� van Zadelhoff said in an interview with 附近上门 News. The company will be expanding teams including sales, marketing, and engineering.

Devo had a year-over-year revenue growth rate of about 80 percent for the first half of 2020, van Zadelhoff said, and wants to maintain that as it scales. The company plans on growing its employee base by at least 25 percent by the end of the year, including through building out its team in Europe.

Van Zadelhoff has been working in security for more than 20 years, and pointed to the importance of log management–especially cloud-based log management–in the age of COVID-19.

鈥淚f you don鈥檛 collect logs and interpret them and ingest them and interpret them, you don鈥檛 know what鈥檚 happening with your business, you have no visibility,鈥� van Zadelhoff said.聽

The company recently introduced a security function on top of its core platform, and expects to 鈥渄ouble down鈥� on that in the near future. Devo also is planning on a couple more releases of the security operation function, van Zadelhoff said.

Founded in 2011, Devo last raised money in 2018 with its $25 million led by Insight Partners, per 附近上门.聽

Illustration: Li-Anne Dias