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Devicie, a Sydney-founded company whose device management software automates updates for end users, has received further financial backing for an undisclosed sum from New York-based Insight Partners which led its $14 million Series A in August 2022.
It has been an eventful period for the company after that raise with the appointment of a new CEO, Shane Harding, in mid-2023, and a relocation of its headquarters to Florida later that year to better serve the US market and to more closely collaborate with Microsoft.
Devicie's software is well established in the market as a configuration engine built natively on top of Microsoft Intune, a cloud-based endpoint management solution designed to help protect apps and devices across an organisation.
Last year the company also became a member of the Microsoft Intelligent Security Association (MISA), and is also part of the Microsoft for Startups Pegasus Program.
As a multi-tenant solution, Devicie's offering enables IT teams and managed service providers (MSPs) to transition to cloud-native operations by automating the implementation and ongoing management of Microsoft Intune, with zero-touch configuration, automatic updates, application patching, built-in remediation, and enhanced reporting.
"Insight Partners' reinvestment is a strong endorsement of our mission to seamlessly unlock the power of Intune and ensure every Microsoft-aligned organisation has secure devices and productive teams," says Harding, who was previously chief strategy officer Australian Life Tech - known for its 28 by Sam Wood weight-loss program - in the lead-up to its $71 million acquisition by myDNA.
"This growth investment will enable us to enhance our customers' success, drive platform and product innovation, and scale our operations to meet the evolving needs of our global market.
"We are excited and honoured to continue this journey with Insight Partners."
Insight Partners has backed Insight Partners managing director and Devicie board member Philine Huizing says millions of organisations and MSPs are looking to extract as much value as possible from their Microsoft investments.
"Devicie's Microsoft-first strategy aligns with a large cohort of companies looking to consolidate around the Microsoft stack, leveraging what they have while confidently managing endpoint productivity and security," says Huizing.
"We're excited to continue our partnership with Shane and the Devicie team in this next chapter of growth."
Insight Partners has backed numerous other Australian startups and scale-ups including 3P Learning, Employment Hero, Linktree, Octopus Deploy, and SafetyCulture.
The $14 million Series A round it led in 2022 included participation from Australian cyber security services provider CyberCX, and prior to that it raised $1.3 million in seed capital from angel investors and the cybersecurity venture accelerator program CyRise.
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