Wednesday, 28 June 2017

Device Authority bags £2.5m in funding

Device Authority
Tuesday 18 October 16

Device Authority, the IoT security vendor, has today announced a £2.5 million funding round led by Tern PLC and Alsop Louie Partners. The funding will be used to expand the company’s sales and marketing teams to respond to our new and growing Go to Market partnerships and the increased demand in the Industrial and Healthcare IoT markets…

Device Authority, the IoT security vendor, has today announced a £2.5 million funding round led by Tern PLC and Alsop Louie Partners. The funding will be used to expand the company’s sales and marketing teams to respond to our new and growing Go to Market partnerships and the increased demand in the Industrial and Healthcare IoT markets. In addition, the company will expand its development team to accelerate product development and innovation in its recently launched KeyScaler IoT security platform.

“Over recent months we have been delighted to sign up new partnerships with Intel, Dell, DigiCert and Cumulocity, all of which are highlighting that IoT security is becoming a bigger concern and one that needs to be addressed now. We are seeing an increase in partners and customers who are making this a critical part of the planning and development phase of a product, rather than an afterthought”, said Darron Antill, CEO of Device Authority.

"We are adding key resources to our team to address the increasing demand we are seeing from our IoT Platform customers and partners, all of which consider security as a fundamental necessity for their IoT applications", said Talbot Harty, CTO of Device Authority.

The Device Authority KeyScaler Platform brings together a single product that combines secure device onboarding and provisioning with policy-driven crypto and credential management to deliver comprehensive IoT security automation at scale.

“Device Authority is an IoT security leader, focused on developing a new category of highly scalable autonomous automation, policy and security management”, said Albert Sisto, CEO at Tern Plc. “Device Authority offers organizations a unique solution to protect their sensitive data and core external assets. We were especially impressed by the company’s strong executive team, their practical approach to the market and their enthusiastic and devoted partners and customers.”


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