Updated: October 26, 2021
2021. Market demand for cybersecurity products helps Devo raise $250M
Devo, a startup focused on log management and cybersecurity, announced this morning that it has closed a $250 million round of funding. In corporate-speak. Devo sells “cloud-native logging and security analytics.” In the simplest terms, Devo has built a service that compiles log files from customers into a central repository, storing 400 days’ worth of the data in a quickly retrievable fashion. From there, it offers two products that pull from those stored log files: one focused on cybersecurity and the other focused on IT support.
2021. Blumira raises $10.3M to bring cloud-based SIEM to mid-market companies
Cybersecurity company Blumira has raised a $10.3 million Series A financing round. The company, founded in 2018, seeks to provide enterprise-level security to medium-sized businesses through turn-key, cloud-based solutions. Blumira’s solution upends the traditional security information and event management (SIEM) market with a powerful suite of tools designed specifically for mid-market companies that’s relatively more affordable. According to Blumira, its product deploys quickly and gives these companies the security and threat monitoring ability of tools used by giant corporations.