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Show Notes
Devicie, a Sydney, Australia-based software startup that helps companies secure their workers’ laptops, announced that it raised $14 million AUD 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.
I interviewed Martin McGregor, CEO and co-founder. Devicie was born out of a cybersecurity consultancy in 2020.
- $15.3M AUD raised in total
- Founded 2020
- Staff of 18 Millions of ARR, hoping to double
- Early prospects did not believe their product claims
- Would have been more selective with time spent with VC’s
- What’s next; automate onboarding
Martin McGregor’s LinkedIn: https://www.linkedin.com/in/mdmc/
Fundraising Story: https://www.thesaasnews.com/news/devicie-raises-14-million-in-series-a