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Device Authority: SaaS provider of identity and access management (IAM) solutions for enterprise IoT ecosystems, automating device lifecycle management.
Device Authority is a Reading, England-based software company that provides identity and access management solutions for enterprise Internet of Things ecosystems. The organization develops the KeyScaler platform to automate device lifecycle management, enabling zero trust security and data encryption across connected environments without human intervention. Its cloud-based software products serve corporate clients operating within the healthcare, automotive, industrial, public, and energy sectors. Device Authority has raised $31.84 million in total funding, which includes a $7 million Series A financing round led by Ten Eleven Ventures. The company operates under the leadership of CEO Darron Antill alongside a board featuring Darktrace co-founder Dave Palmer and CyLon Ventures co-founder Grace Cassy, and was recently recognized as a Microsoft technology partner. The enterprise was originally founded in 2014 by undisclosed creators, and it previously operated under the corporate name Cryptosoft.
Device Authority has raised $43.3M across 6 funding rounds.
Device Authority has raised $43.3M in total across 6 funding rounds.
Device Authority is a cybersecurity company specializing in Identity and Access Management (IAM) for Enterprise IoT ecosystems, founded in 2016. Its flagship KeyScaler platform and KSaaS solution provide automated, end-to-end lifecycle management for OT/IoT devices, enabling secure onboarding, certificate management, over-the-air updates, and compliance without human intervention, scaling to millions of devices.[1][2][4][5]
The company serves manufacturers, operators, enterprises, government agencies, and sectors like healthcare, energy, automotive, and industrial IoT, solving critical problems such as edge device security vulnerabilities, compliance with regulations like the Cyber Resilience Act (2027 deadline) and Pentagon OT/IoT guidance, and managing unmanaged devices at scale.[1][4][5] Testimonials highlight its efficiency in remote authentication, cyber attack prevention, and handling complex deployments for diesel engines and healthcare manufacturing.[4]
Device Authority emerged in 2016 through the merger of a core security technology developer with British firm Cryptosoft, positioning it as a leader in device identity validation over user-focused methods.[3] This union integrated traditional encryption with hardware-based authentication and over-the-air updates, addressing IoT's unique identity challenges where methods like usernames, X.509 certificates, and SAML fall short.[3][7]
Early recognition came swiftly: awards in Identity and Access Management (2015), Cloud and Emerging Technology Security (2016), and repeated global leadership in Device Identity Lifecycle Management (2019-2022).[1] The company quickly gained traction by simplifying provisioning and trust management at IoT scale, evolving into a platform-agnostic solution with flexible deployments.[2]
Device Authority rides the exploding Enterprise IoT and OT security trend, where billions of connected devices demand automated identity management amid rising cyber threats and regulations.[1][4][7] Timing is ideal with the Cyber Resilience Act's 2027 deadline, impending Pentagon guidance, and global industry mandates pushing compliance, fleet visibility, and scale efficiencies.[1][4]
Market forces like edge computing growth, supply chain risks, and Zero Trust adoption favor its solutions, especially for unmanaged edge devices in critical infrastructure.[2][5][7] It influences the ecosystem by enabling secure scaling for AWS Marketplace users across automotive, energy, healthcare, and public sectors, while innovations like AI/ML anomaly detection and SBOM support shape standards for resilient IoT deployments.[2][4][6]
Device Authority is poised for acceleration as IoT regulations tighten and edge/AI integrations proliferate, with its roadmap emphasizing AI/ML remediation, expanded Edge capabilities, and broader compliance tools.[2] Expect deeper penetration in government (via Carahsoft) and industrial verticals, potential acquisitions by larger cybersecurity firms, and leadership in post-2027 Cyber Resilience standards.[1][5]
Trends like hybrid/offline IoT security and SBOM mandates will amplify its edge, evolving it from innovator to indispensable infrastructure player—securing the "device identity" revolution that underpins safe scaling.[2][7] This positions it to capture value in a market where human-touch limitations currently bottleneck growth.[1][4]
Device Authority has raised $43.3M in total across 6 funding rounds.
Device Authority's investors include Mercato Partners, Citi Ventures, Outrun Ventures, Ten Eleven Ventures, ALP, Tern, Jeff Hudson, Alsop Louie Partners.
Device Authority has raised $43.3M across 6 funding rounds. Most recently, it raised $9.0M Series A in February 2024.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Feb 1, 2024 | $9.0M Series A | Mercato Partners | Citi Ventures, Outrun Ventures, Ten Eleven Ventures |
| Dec 2, 2021 | $2.9M Other Equity | ALP, Tern, Jeff Hudson | |
| Dec 1, 2021 | $3.0M Series U | Alsop Louie Partners, Ten Eleven Ventures | |
| Oct 22, 2019 | $10.0M Other Equity | ||
| Oct 19, 2016 | $3.1M Other Equity | Tern | |
| Mar 30, 2015 | $15.4M Cryptosoft - Debt / Series A | Tern |