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Device42
Provider of data center management software
About Device42
Device42 is a leading provider of IT asset management and Configuration Management Database (CMDB) solutions, serving enterprises across various industries. The company operates in the IT infrastructure management market, offering tools that automatically discover and map IT assets, detect inefficiencies, and provide real-time actionable insights. Device42's core product is its CMDB, which integrates with numerous other systems to provide a continuously updated view of assets across hybrid IT environments. This visibility helps organizations adhere to compliance controls and streamline audit processes. The business model is subscription-based, with customers paying for licenses that grant access to the software and its updates. Device42 generates revenue through these subscription fees, offering a 30-day provisional license followed by a full subscription upon payment. The company serves large service providers and enterprises that require meticulous IT asset management to improve incident management, reduce Mean Time to Resolution (MTTR), and support modernization efforts.
Source: Dealroom company dataKnowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| ACQUISITIONOther financing | May 2024 | $230M | $230M | Freshworks | ↗ |
| SERIES AOther financing | Apr 2023 | $34M | $136M | Undisclosed | ↗ |
Growth signals
Latest recorded traffic for Device42 is 40K monthly website visits, down 13% over the last three months. Device42's team declined 34.3% over the past year.
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed3 investors entered at this stage
New York Angels
Alpine Meridian Ventures
Connecticut Innovations
Other known investors1 additional known investor
Freshworks
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Device42 on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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