2024 Revenue
$6.4M
Customers
1K
Funding
$38.5M
YOY
33.7%
Avg ACV
$6.4K
Team
121
Founded
2010
How Device42 CEO Raj Jalan grew to $6.4M revenue and 1K customers in 2024.
Provider of a data center management and network management software designed to help companies to automatically maintain an up-to-date inventory of their IP-based devices and non-IP assets. The company's software provides customers with understanding and advanced visualization of their infrastructure and its inter-dependencies and centralizes data center knowledge into a single source of truth, enabling companies to make their IT ecosystems clearly visible, understandable and controllable.
Last updated
Device42 Revenue
In 2024, Device42's revenue reached $6.4M. The company previously reported $4.7M in 2023. Since its launch in 2010, Device42 has shown consistent revenue growth.
| Year | Milestone | Quote |
|---|---|---|
| 2024 | Device42 Hit $6.4m revenue in October 2024 | |
| 2023 | Device42 Hit $4.7m revenue in December 2023 | |
| 2021 | Device42 Hit $3.5m revenue in April 2021 | |
| 2010 | Launched with $0 revenue |
Device42 Valuation, Funding Rounds
Device42 has not publicly disclosed its valuation. The company has raised $38.5M in total funding to date.
Device42 has raised $38.5M in total funding across 3 rounds, with its most recent round in 2019.
| Year | Round | Amount | Valuation | % Sold | Quote |
|---|---|---|---|---|---|
| 2019 | Funding round | $34M | - | - | |
| 2015 | Funding round | $1M | - | - | |
| 2014 | Funding round | $3.5M | - | - |
Founder / CEO
Raj Jalan
CEO
Raj Jalan, previously an IT consultant for numerous companies, recognized that many corporate data centers lacked the visibility and control they require to most effectively manage both planned and unplanned changes within their IT infrastructure. When Raj looked for DCIM tools to help, he found very expensive, non-integrated point solutions that simply didn’t deliver the functionality that data center managers require. This motivated him to start Device42. Today, as CEO, Raj’s experience and insight continue to fuel Device42’s technology innovation and corporate growth. When he’s not working, Raj enjoys running, photography, and board games — with “Settlers of Catan” being his favorite.
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
Device42 serves 1K customers.
Device42 Employees & Team Size
Device42 employs approximately 121 people as of 2026, down from 127 in 2023. It serves 1K customers that rely on its solutions.
| Year | Milestone |
|---|---|
| 2024 | Reached 121 employees (December 2024) |
| 2024 | Reached 126 employees (October 2024) |
| 2023 | Reached 127 employees (December 2023) |
| 2022 | Reached 114 employees (December 2022) |
| 2021 | Reached 112 employees (December 2021) |
| 2021 | Reached 100 employees (April 2021) |
Frequently Asked Questions about Device42
What is Device42's revenue?
Device42 generates an estimated $6.4M in annual revenue.
Who founded Device42?
Device42 was founded by Raj Jalan.
Who is the CEO of Device42?
The CEO of Device42 is Raj Jalan.
How much funding does Device42 have?
Device42 raised $38.5M across 3 rounds.
How many employees does Device42 have?
Device42 has 121 employees.
Where is Device42 headquarters?
Device42 is headquartered in West Haven, Connecticut, United States.
Compare Device42 to the industry
Device42 operates across multiple industries. Browse revenue, funding, and growth data for Device42 in each sector below.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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