Sydney cyber start-up Devicie lands $14m from US VC giant

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Sydney cyber start-up Devicie lands $14m from US VC giant
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Devicie, a local software start-up that helps companies secure their workers’ laptops, has landed $14 million in funding from New York-based VC Insight Partners.

Devicie, a Sydney-based software start-up that helps companies secure their workers’ laptops, has landed $14 million in series A funding from New York-based private equity and venture capital firm Insight Partners, with participation from leading Australian cybersecurity firm CyberCX.

A long time IT engineer and consultant, Mr McGregor said companies previously needed to put together large teams to secure employee devices as part of slow, expensive projects that often failed. With the money through the door, the founders can breathe a sigh of relief and start hiring positions to double Devicie’s headcount from 15 to 30 over the next year.

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