Device Authority Secures $7M Funding to Expand IoT Offerings
Device Authority, a London-based company specializing in identity and access management for enterprise IoT ecosystems, recently secured $7M in Series A funding. This investment was made by Ten Eleven Ventures, and the company plans to utilize the funds to expand its product offerings and establish a stronger presence in North America. Led by CEO Darron Antill, Device Authority is recognized as a leader in Identity and Access Management (IAM) for Enterprise IoT ecosystems. Their KeyScaler identity security platform and KeyScaler-as-a-Service (KSaaS) enable organizations to minimize human error, accelerate incident response, and establish trust for data and devices, allowing for trusted AI in any connected environment. Their proprietary Dynamic Device Key Generation (DDKG) technology and continuous authorization support supply chain security, addressing the security risks associated with AI usage in connected environments across various industries, including automotive, medical, industrial, and critical infrastructure.
Darron Antill expressed excitement about the investment, stating, "We are thrilled to welcome Ten Eleven Ventures as a new investor.
This investment marks a significant milestone in Device Authority's journey as we continue to assist both new and existing customers in overcoming their device security challenges. The valuable knowledge and experience brought by our new investors and board members will greatly contribute to our growth and position us as the leading provider of zero trust for IoT."
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