HeroDevs receives $125M in strategic growth investment from PSG to enhance their support for deprecated open-source software.
Jul 24, 2025•5 months ago
Amount Raised
$125 Million
Investors
AlbumPsg
Description
HeroDevs has secured a $125M investment from PSG, with participation from existing investor Album. The funds will be used to strengthen their Never-Ending Support solutions for deprecated open-source software. Led by CEO Aaron Frost, the company aims to ensure security and compliance for businesses using outdated technologies.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech