Device Authority, a London, UK-based company specializing in identity and access management for enterprise IoT ecosystems, has raised $7 million in Series A funding.

The investment was made by Ten Eleven Ventures, and the company plans to use the funds to expand its product offerings and increase its presence in North America.

Under the leadership of CEO Darron Antill, Device Authority is a leader in Identity and Access Management (IAM) for Enterprise IoT ecosystems. The company’s KeyScaler identity security platform and KeyScaler-as-a-Service (KSaaS) allow organizations to reduce human error, accelerate incident response, minimize risk, ensure complete device and data trust, and enable trusted AI in any connected environment. The Dynamic Device Key Generation (DDKG) technology and continuous authorization support supply chain security and establish a root of trust to mitigate the security risks posed by AI in connected environments in industries such as automotive, medical, industrial, and critical infrastructure.

Darron Antill commented on the news, stating, “We are delighted to welcome Ten Eleven Ventures as a new investor. This investment is a significant step in Device Authority’s journey as we continue to help new and existing customers solve their device security challenges. The wealth of knowledge and experience that our new investor and board members bring will add significant value in helping the company grow and become the market leader for delivering zero trust for IoT.”


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