Led · Equity · Dec 2021

Device Authority develops the KeyScaler platform and KSaaS cloud service to deliver zero-trust identity and access management for enterprise IoT. Its technology is positioned to address rising IoT security needs as analysts and Microsoft recognized KeyScaler as ‘Rising Azure Technology.’ The company highlights expanding use cases across customers and is focused on growing its presence in North America. Device Authority says its platform solves real market problems around device and data trust amid increasing IoT adoption. The article cites market context from Fortune Business Insights showing rapid IoT market growth and high rates of attempted IoT-focused cyberattacks, underscoring demand for the company’s offerings. Recent board appointments signal strengthened governance and cyber-industry expertise supporting its growth. Device Authority provides identity and access management (IAM) for IoT, focusing on medical/healthcare, industrial, automotive and smart connected devices. Its flagship KeyScaler® platform offers automated device provisioning, authentication, credential management, policy‑based end‑to‑end data security/encryption and secure updates. KeyScaler uses Dynamic Device Key Generation (DDKG) and PKI Signature+ to simplify trust for IoT devices and the broader IoT ecosystem. The company has been working with Venafi since joining Venafi’s Machine Identity Management Development Fund in 2019 to build protections against supply‑chain attacks on software updates. Venafi and Jetstack are collaborating with Device Authority to bring Machine Identity Management powered by Kubernetes to the IoT edge. Device Authority partners with a range of ecosystem providers (including AWS, Ericsson, Entrust, HID Global, Microsoft, PTC, Thales, Venafi and Wipro) and operates offices in San Ramon, California and Reading, UK. Device Authority builds IoT identity and access management solutions centered on its KeyScaler™ software platform. KeyScaler automates device provisioning, credential management, secure updates, and policy-driven data encryption, and incorporates patented Dynamic Device Key Generation and PKI Signature+ technology. The company partners with major ecosystem providers including Amazon Web Services, Dell, DigiCert, Intel, PTC, and Symantec. Device Authority has offices in Bracknell, UK and Fremont, California. Management says it is preparing for market entry and will use new financing to further strengthen and develop KeyScaler. The article does not disclose revenue or user metrics. Device Authority is described as a global leader in policy- and device-driven IoT security and was named a Gartner Cool Vendor in 2016. Its KeyScaler IoT security platform offers automated device provisioning, credential management, secure updates and policy-driven data encryption. The company has signed partnerships with Intel, Dell, DigiCert and Cumulocity, which it cites as evidence of growing market demand. In October 2016 Tern Plc led a £2.5 million funding round, investing £2.0 million and becoming a majority holder. Following the fundraising Tern owned 56.9% of the issued capital and 50.6% of the A preference shares. The company plans to use the proceeds to expand its sales, marketing and development teams, accelerate product development and meet increased demand in Industrial and Healthcare IoT markets. DeviceAuthority provides advanced security and device authentication that validates the identity of devices for multi-factor and machine-to-machine (M2M) applications. The company’s core technology focuses on device identity rather than just user identity. DeviceAuthority is based in Fremont, California and was founded in 2013; Talbot Harty is CEO. The company raised a Series A round (amount undisclosed) to support growth. It intends to use the funding to expand sales, marketing and channel development activities. DeviceAuthority is hiring as it scales its commercial operations.