Device Authority secures £5.6m in Series A funding from Ten Eleven Ventures to expand product offerings and grow in North America.
Ten Eleven Ventures led the Series A round to support product development and North American expansion.
Device Authority provides identity and access management solutions for enterprise internet of things ecosystems. Its KeyScaler platform automates zero trust security to secure connected environments.
Device Authority has secured £5.6m in Series A funding from Ten Eleven Ventures. The capital will be directed towards product development and expanding the company footprint in North America. Alongside the investment, the firm appointed Timothy Eades as Chair of the Board, alongside Dave Palmer and Grace Cassy as new board members.
From the founder
"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."
Darron Antill
CEO at Device Authority
Investor perspective
"The Device Authority team is solving a critical and huge problem in cybersecurity: how to enable complete IoT devices and data trust. Through the company’s KeyScaler platform, the company has We are pleased to partner with them at this chapter of their journey, and look forward to helping them grow."
Dave Palmer
General Partner, Ten Eleven Ventures
Use of funds
- 01Continue product development
- 02Expand into international markets
Investors
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About the company
Device Authority
Device Authority secures identity and access management for enterprise internet of things ecosystems.