Device Authority Raises $2.9 Million in Funding  

by Kay Aloha Villamor December 6th, 2021

Device Authority, a London & San Ramon, Calif.-based global leader in identity and access management (IAM) for the Internet of Things (IoT), announced a $2.9 million funding round led by Tern PLC, ALP, and Venafi. 

The funding will be used to accelerate the revenue growth of the company through expansion within the core markets, most notably the US, whilst accelerating further enhancements to the development of their flagship product, the KeyScaler® platform.

Company: Device Authority Limited.

Raised: $2.9M

Round: 

Funding Month: December 2021

Lead Investors: Tern PLC, ALP, and Venafi

Additional Investors: 

Company Website: https://www.deviceauthority.com/

Software Category: KeyScaler platform

About the Company: Device Authority is a global leader in identity and access management (IAM) for the Internet of Things (IoT) and focuses on medical/healthcare, industrial, automotive, and smart connected devices. Device Authority KeyScaler platform provides trust for IoT devices and the IoT ecosystem to address the challenges of securing the Internet of Things. KeyScaler uses breakthrough technology, including Dynamic Device Key Generation (DDKG) and PKI Signature+ that delivers simplicity and trust to IoT devices. This solution delivers automated device provisioning, authentication, credential management, policy-based end-to-end data security/encryption, and secure updates.

 

Source: https://www.bloomberg.com/press-releases/2021-12-02/device-authority-announces-2-9-million-in-funding-to-accelerate-revenue-growth

 

 


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