Device Authority Secures $2 Million in Series A

by Kay Aloha Villamor in February 21st, 2024

Device Authority, a Reading, England-based provider of identity and access management for Enterprise IoT ecosystems, secured an additional $2 million in Series A funding.  

SaaS Investors  

The investment was from Prelude, Mercato Partners' venture practice.  

Founded in 2014, Prelude stands as the early-stage investment division of Mercato Partners, based in Salt Lake City, Utah. Prelude is committed to forging strong partnerships and amplifying the ambitions of visionary founders in the domains of cybersecurity, artificial intelligence, and enterprise B2B software.  

Device Authority Use of Funds  

The company aims to use the funding to continue to advance its solution and grow its presence in North America.  

About Device Authority  

Founded in 2003, Device Authority is a developer of identity and access management platforms created to address the challenges of securing the Internet of Things (IOTs). Its platform offers automated device provisioning, authentication, credential management, policy-based end-to-end data security, and encryption. Device Authority’s KeyScaler identity security platform and KeyScaler-as-a-Service (KSaaS) allow organizations to reduce human error and accelerate incident response, minimizing risk, ensuring complete device and data trust, and enabling trusted AI in any connected environment.  

Funding Details        

Company: Device Authority Ltd  

Raised: $2.0M   

Round: Series A  

Funding Month: February 2023   

Lead Investors: Prelude  

Additional Investors:    

Company Website:    

Software Category: Identity and Access Management  





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