Devicie, a Sydney, Australia-based software startup that helps companies secure their workers’ laptops, announced that it raised $14 million in Series A funding.
The round was led by New York-based private equity and venture capital firm Insight Partners, with participation from leading Australian cybersecurity firm CyberCX.
Devicie previously raised $1.3 million in seed capital from angel investors and the cybersecurity venture accelerator program CyRise.
The new funds will be used to improve Devicie's product and expand its existing customer base in Europe, the United States, and the United Kingdom.
Round: Series A
Funding Month: Aug 2022
Lead Investors: Insight Partners
Additional Investors: CyberCX
Company Website: https://devicie.com/
Software Category: Security management software
About the Company: Founded by Martin McGregor, Jason Fairburn, and José Schenardie, Devicie is a developer of a device management system designed to help organizations implement security practices for each and every device that accesses their critical systems with complete visibility and control. The company's system deploys from the cloud and allows staff to be up and running with everything they need to work without the help of the IT team, enabling workforces to get agility and efficiency. Devicie's Software-as-a-Service product manages hundreds of security controls and automates ongoing application and software updates for end-user devices in a large company. Devicie’s customers include PointsBet, John Holland, and Nine Network, alongside partners including Microsoft, CyberCX, Crayon, Somerville Group, and VITCS.