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Device Authority Announces $2.9 Million In Funding To Accelerate Revenue Growth

Dec 02, 2021•over 3 years ago

Amount Raised

$2.9 Million

Round Type

seed

LondonPrivacy And SecurityMobileSoftware

Description

Device Authority, a global leader in identity and access management (IAM) for the Internet of Things (IoT), today announces 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, KeyScaler® platform.

Company Information

Company

Device Authority

Location

London, Ontario, Canada

About

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. Our 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.