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How Devolutions CEO David Hervieux grew Devolutions to $32.9M revenue with a 192 person team in 2024.

Devolutions is a leading provider of remote access and enterprise password management solutions for IT professionals and business users.

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Devolutions Revenue

In 2024, Devolutions's revenue reached $32.9M. The company previously reported $18.4M in 2023. Since its launch in 2010, Devolutions has shown consistent revenue growth.

Devolutions Revenue GrowthReported revenue / ARR by year$0$8M$15M$23M$30M$38M20102012201420162018202020222024$0$4M$33MSource: GetLatka.com
YearMilestone
2024Devolutions Hit $32.9m revenue in October 2024
2023Devolutions Hit $18.4m revenue in December 2023
2020Devolutions Hit $4.2m revenue in August 2020
2010Launched with $0 revenue

Devolutions Valuation, Funding Rounds

Devolutions is a bootstrapped Other Process Automation Software startup. Founded in 2010, Devolutions has grown to $32.9M in revenue without raising any venture capital or outside funding.

As a self-funded Other Process Automation Software SaaS company, Devolutions has built its business with no outside investment.

Devolutions Capital Raised & ValuationCumulative capital raised and post-money valuation by roundCapital raised (cum.)Valuation$0$120102010 cumulative: $0 • 2010 Founded: $02010 Founded: $0 valuationSource: GetLatka.com
YearRoundAmountValuation% Sold

Devolutions Employees & Team Size

Devolutions employs approximately 192 people as of 2026, up from 173 in 2023.

Devolutions has 192 total employees in different roles and functions.

Devolutions Team GrowthReported headcount over time0501001502002502010201220142016201820202022202400192192Source: GetLatka.com
YearMilestone
2024Reached 192 employees (December 2024)
2024Reached 191 employees (October 2024)
2023Reached 173 employees (December 2023)
2022Reached 135 employees (December 2022)
2021Reached 108 employees (December 2021)
2020Reached 51 employees (August 2020)

Founder / CEO

David Hervieux

David Hervieux is listed as Founder / CEO at Devolutions.

Q&A

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Customers

We do not have customer count information for Devolutions yet.

Frequently Asked Questions about Devolutions

What is Devolutions's revenue?

Devolutions generates $32.9M in revenue.

Who founded Devolutions?

Devolutions was founded by David Hervieux.

Who is the CEO of Devolutions?

The CEO of Devolutions is David Hervieux.

How much funding does Devolutions have?

Devolutions raised $0.

How many employees does Devolutions have?

Devolutions has 192 employees.

Where is Devolutions headquarters?

Devolutions is headquartered in Lavaltrie, Quebec , Canada.

Compare Devolutions to the industry

Devolutions operates across multiple industries. Browse revenue, funding, and growth data for Devolutions in each sector below.

Source Attribution

Source: all data was collected from GetLatka company research and founder interviews. Revenue, funding, team, and customer figures are presented as company-reported or GetLatka-estimated metrics where the profile data identifies them that way.

Company data last updated .

Devolutions Revenue 2024: $32.9M ARR (Bootstrapped)