Device Authority, a prominent provider of device identity management solutions, has secured a substantial $7 million investment in a Series A funding round led by Ten Eleven Ventures. This strategic infusion of capital will empower Device Authority to enhance its product portfolio and expand its footprint across North America, reinforcing its commitment to revolutionizing enterprise IoT security.
Specializing in device identity lifecycle management and identity and access management (IAM) solutions for complex IoT environments, Device Authority’s flagship KeyScaler platform offers a comprehensive suite of features, including automated device provisioning, PKI, continuous assurance, threat validation, data privacy, and more. This platform plays a pivotal role in safeguarding IoT ecosystems by ensuring robust security controls and mitigating potential risks associated with interconnected devices.
KeyScaler is not only a powerful on-premises solution but also available as a fully-managed service on Azure, catering to diverse enterprise requirements. Ten Eleven Ventures recognizes Device Authority’s pivotal role in addressing cybersecurity challenges posed by the proliferation of IoT devices and commends its efforts to foster trust and safety in IoT ecosystems.
Dave Palmer, General Partner at Ten Eleven Ventures, lauds Device Authority’s innovative approach in addressing the critical cybersecurity concerns surrounding IoT devices. By enabling organizations to effectively manage the risks associated with smart components, Device Authority empowers businesses to deliver secure and reliable products, thereby enhancing consumer trust and confidence in IoT technologies.
