Devicie closes $14M Series A

End-user device management company Devicie has raised $14 million in its Series A.

Following its $1.3 million seed round, led by angel investors and CyRise, Devicie’s Series A was led by New York based private equity and venture capital firm Insight Partners with further participation from CyberCX.

According to Philine Huizing, principal at Insight Partners, “Devicie has quickly made a name for itself within the industry. With the heightened risk of cyber-attacks from global bad actors seeking to exploit current tensions, Devicie is a mission critical solution across enterprises and managed service providers. We look forward to working with the Devicie team as they continue to expand and scale up.”

Devicie is built around Microsoft’s Intune ecosystem, and Huizing believes that its approach is novel, starting with a security-centric mandate.

The funding from the capital raise is expected to support Devicie’s international customer expansion across the US, UK and EMEA, and while the company will remain headquartered in Australia. The company is set to double the size of its team in the coming year.

According to Martin McGregor, CEO and co-founder of Devicie, “Currently 90 percent of cyberattacks occur through employees' devices. Our mission is to make layered security on end-user devices effortless for IT teams, enabling them to deliver great work experience for their organisation.

“With the increased focus on compliance and critical industries, device management remains one of the most commonly exploited vulnerabilities for organisations globally. Using automation, we support IT teams to rapidly uplift their security maturity in a way that enables employee productivity and operational efficiency for the entire business.”

Devicie works to close gaps in end-user device management through deploying and managing hundreds of security controls and automating application and software updates.

According to John Paitaridis, CEO at partner CyberCX, “The Devicie team have developed an exceptional product, attuned to the needs of the market and with the potential to vastly improve cyber security outcomes for customers across the globe. As the region’s leading cyber security services provider, CyberCX is committed to backing innovative Australian cyber security technology companies like Devicie to grow, accelerate and blaze a trail into overseas markets.”

Customers include PointsBet, John Holland and the Nine Network.

José Schenardie, co-founder and CIO, Martin McGregor, co-Founder and CEO and Jason Fairburn, co-founder and COO - Devicie