# Device Authority

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/device-authority

- Industry: Software
- Headquarters: Reading, UK
- Website: www.deviceauthority.com
- Total disclosed funding: $13M
- Latest round: Series A (Feb 8, 2024)
- Investors on record: 4

## About

Founded in 2014 and based in Reading, UK, Device Authority Limited operates as a developer of identity and access management (IAM) platform that offers security on the Internet of Things (IoT) devices used in healthcare, automotive, and smart devices for possible cyber attacks. In December 2021, Device Authority Limited raised USD 2.9 million in venture funding co-led by Venafi, Inc. and Alsop Louie Partners and Tern Plc. In December 2024, Device Authority Limited raised GBP 2.62 million in venture funding from returning investor Ten Eleven Ventures.

The company's KeyScaler platform provides security for IoT devices and the IoT ecosystem, to address the challenges of securing the Internet of Things. KeyScaler uses technology including Dynamic Device Key Generation (DDKG) and PKI Signature+ that delivers security solutions to IoT devices. This solution delivers automated device provisioning, authentication, credential management, and policy based end-to-end data security/encryption. The platform also provides end-to-end device cryptography for data in transit and at rest across networks and cloud services. The KeyScaler platform provides end-to-end security, defends users against cyber-attacks through automated password management technology, automates compliance according to industry regulations, automates IT security policies and password change management.

The company plans to use the venture funding to accelerate revenue growth through expansion within the core markets in the US.

## Funding rounds

- Series A, Feb 8, 2024, $2M — Mercato
- Series A, Dec 27, 2023, $6.7M — Alsop Louie Partners, Ten Eleven
- Series A, Oct 17, 2016, $3M — Alsop Louie Partners, Tern
- Series A, Apr 19, 2016, $1.2M — Alsop Louie Partners, Tern

## Investors

- Alsop Louie Partners (https://capitalatlas.ai/funds/alsop-louie-partners) — Series A
- Tern (https://capitalatlas.ai/funds/tern) — Series A
- Ten Eleven — Series A
- Mercato (https://capitalatlas.ai/funds/mercato) — Series A