After raising €6.4M earlier this month, England’s Device Authority secures further €1.8M

Reading, Berkshire-based Device Authority, a provider of identity and access management for enterprise IoT ecosystems, announced on Tuesday that it has secured a further $2M (approximately €1.8M) in a Series A round funding from Prelude, the venture practice for Mercato Partners. Alongside the investment last week, Device Authority appointed three new board members, including serial cyber CEO and investor Timothy Eades, who is joining as Chair of the Board; Dave Palmer, General Partner of Ten Eleven Ventures and co-founder and Chief Product Officer of Darktrace; and Grace Cassy, co-founder of cybersecurity investment firm CyLon Ventures and former foreign policy advisor to UK Prime Minister Tony Blair. Our KSaaS cloud service and KeyScaler platform have already been recognised as the ‘Rising Azure Technology’ in Microsoft’s Partner of The Year Awards and by analysts who have identified Device Authority as the technological leader in its field.” Prelude stands as the early-stage investment division of Mercato Partners, based in Salt Lake City, Utah. Prelude is committed to forging strong partnerships with visionary founders in the domains of cybersecurity, artificial intelligence, and enterprise B2B software. Davis Warnock from Mercato Partners, Prelude, says, “We have been familiar with the Device Authority product and team for quite some time, and we are thrilled about the opportunity to invest in their future growth.