Device Authority Raises $2.9M in Funding

Device Authority, a Reading, UK, and San Ramon, California-based global leader in identity and access management (IAM) for the Internet of Things (IoT), raised $2.9m in funding.

The round was led by Tern PLC, ALP and Venafi.

The company intends to use the funds to accelerate revenue growth through expansion within the core markets, most notably the US, whilst accelerating further enhancements to the development of their flagship product, KeyScaler® platform.

Led by Darron Antill, CEO, 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. Its KeyScaler platform uses technology, including Dynamic Device Key Generation (DDKG) and PKI Signature+ to delivers automated device provisioning, authentication, credential management, policy-based end-to-end data security/encryption and secure updates.

The company partners with IoT ecosystem providers, including AWS, Ericsson, Entrust, HID Global, Microsoft, PTC, Thales, Venafi, Wipro and more.

Device Authority has been working closely with Venafi, the leader in Machine Identity Management, since joining Venafi’s Machine Identity Management Development Fund in 2019. The Development Fund sponsored Device Authority to create an innovative solution to protect against supply chain attacks on software updates. This allows IoT teams to sign software updates with KeyScaler and then instantly deliver them from the cloud with Venafi CodeSign Protect. Security teams have complete visibility and machine identities are not exposed to attackers. KeyScaler customers can also use Venafi and its connection to over 40 Certificate Authorities (CAs) as a source of machine identities for IoT devices. And now Venafi, along with its group company, Jetstack, are collaborating with Device Authority to bring Machine Identity Management powered by Kubernetes to the IoT edge.