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