202407 Feb

Device Authority Raises $7M in Series A Funding

Summary

Device Authority, a London, UK-based company which specializes in identity and access management for enterprise IoT ecosystems, raised $7M in Series A funding. Led by CEO Darron Antill, Device Authority is a leader in Identity and Access Management (IAM) for Enterprise IoT ecosystems. 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. The patented Dynamic Device Key Generation (DDKG) technology and its continuous authorization supports supply chain security and establishes a vital root of trust to mitigate the security risks posed by the use of AI in connected environments in the automotive, medical, industrial, and critical infrastructure industries. The wealth of knowledge and experience that our new investor and board members bring will add significant value in helping the company grow and become the market leader for delivering zero trust for IoT.”

Source: Finsmes

Funding

$7M
Amount
Feb 07 2024
Date
-
Investor

Classifications

Companies