What is Device Authority?
Device Authority is globally recognized for its expertise in identity and access management tailored for the Internet of Things (IoT) ecosystem. Its flagship KeyScaler platform is engineered to establish trust and security for IoT devices and their associated environments. Leveraging advanced technologies such as Dynamic Device Key Generation (DDKG) and PKI Signature+, the platform simplifies and fortifies IoT security. This robust solution facilitates automated device provisioning, secure authentication, comprehensive credential management, policy-driven end-to-end data security and encryption, and reliable secure updates, addressing the complex security challenges inherent in the expanding IoT landscape.
How much funding has Device Authority raised?
Device Authority has raised a total of $26.7M across 5 funding rounds:
Unspecified
$3M
Other Financing Round
$1.8M
Private Equity
$10M
Unspecified
$2.9M
Series A
$9M
Unspecified (2016): $3M with participation from Tern and Alsop Louie Partners
Other Financing Round (2016): $1.8M led by Tern PLC, Alsop Louie Partners, and Tern
Private Equity (2017): $10M, investors not publicly disclosed
Unspecified (2021): $2.9M featuring Venafi, ALP, and Tern
Series A (2024): $9M backed by TenEleven Ventures and Prelude Capital
Key Investors in Device Authority
TenEleven Ventures
Ten Eleven Ventures is a global venture capital firm specializing in cybersecurity, providing capital and expertise to innovative companies in the sector.
Prelude Capital
Prelude Capital is a global multi-strategy hedge fund adviser focused on structured, risk-managed allocations and long-term investor relationships.
Tern PLC
Tern PLC is a UK-based company that supports and invests in ambitious entrepreneurs within the Internet of Things (IoT) sector, focusing on disruptive technologies and ESG practices.
What's next for Device Authority?
The recent major strategic investment signals a pivotal phase for Device Authority, likely enabling accelerated product development, market expansion, and enhanced sales and marketing efforts. This capital infusion is expected to bolster the company's position in the competitive IoT security market, particularly within the high-stakes medical, industrial, and automotive sectors. Device Authority's focus on breakthrough technologies positions it for continued innovation and leadership in providing essential trust and security for the rapidly growing world of connected devices.
See full Device Authority company page
