Device Authority Secures $9M in Funding to Expand Presence in North America
February 21, 2024, 9:44 am
Location: United Kingdom, England, Reading
Employees: 11-50
Founded date: 2014
Total raised: $13.36M
Device Authority, a company based in London, UK, specializing in identity and access management for enterprise IoT ecosystems, has secured a total of $9M in funding to fuel its growth and expansion efforts in North America.
In a recent Series A funding round, the company raised $7M with investment from Ten Eleven Ventures. This injection of capital will allow Device Authority to enhance its product offerings and strengthen its presence in the North American market.
Led by CEO Darron Antill, Device Authority is a trailblazer in Identity and Access Management (IAM) for Enterprise IoT ecosystems. Their KeyScaler identity security platform and KeyScaler-as-a-Service (KSaaS) enable organizations to mitigate risks, ensure device and data trust, and facilitate trusted AI in connected environments.
With the patented Dynamic Device Key Generation (DDKG) technology and continuous authorization, Device Authority is at the forefront of supply chain security, particularly in industries like automotive, medical, industrial, and critical infrastructure.
Darron Antill expressed his excitement about the new investment, stating, "This funding marks a significant milestone for Device Authority as we continue to address the evolving security challenges faced by our customers. The expertise and support from Ten Eleven Ventures will be invaluable as we strive to establish ourselves as the leading provider of zero trust for IoT."
Following this successful funding round, Device Authority secured an additional $2M in funding from Prelude to further bolster its operations and development efforts. This additional investment will support the company's ongoing growth journey and enable it to advance its solutions and expand its presence in North America.
As Device Authority continues to innovate and solidify its position as a technological leader in the IAM space, the company remains committed to delivering secure and trusted solutions for the ever-expanding world of connected devices and data.
In a recent Series A funding round, the company raised $7M with investment from Ten Eleven Ventures. This injection of capital will allow Device Authority to enhance its product offerings and strengthen its presence in the North American market.
Led by CEO Darron Antill, Device Authority is a trailblazer in Identity and Access Management (IAM) for Enterprise IoT ecosystems. Their KeyScaler identity security platform and KeyScaler-as-a-Service (KSaaS) enable organizations to mitigate risks, ensure device and data trust, and facilitate trusted AI in connected environments.
With the patented Dynamic Device Key Generation (DDKG) technology and continuous authorization, Device Authority is at the forefront of supply chain security, particularly in industries like automotive, medical, industrial, and critical infrastructure.
Darron Antill expressed his excitement about the new investment, stating, "This funding marks a significant milestone for Device Authority as we continue to address the evolving security challenges faced by our customers. The expertise and support from Ten Eleven Ventures will be invaluable as we strive to establish ourselves as the leading provider of zero trust for IoT."
Following this successful funding round, Device Authority secured an additional $2M in funding from Prelude to further bolster its operations and development efforts. This additional investment will support the company's ongoing growth journey and enable it to advance its solutions and expand its presence in North America.
As Device Authority continues to innovate and solidify its position as a technological leader in the IAM space, the company remains committed to delivering secure and trusted solutions for the ever-expanding world of connected devices and data.