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

Devicie Raises $14M Series A to Secure Your Devices at Scale