Device Authority, a Reading, UK- and San Ramon, CA-based company which speciliazes in identity and access management for Enterprise IoT ecosystems, raised further $2M in funding.
Prelude made the investment.
The company intends to use the funds to expand operations and development efforts.
Led by CEO Darron Antill, Device Authority is a global leader in Identity and Access Management (IAM) for Enterprise IoT ecosystems. Its KeyScaler identity security platform and KeyScaler-as-a-Service (KSaaS) allow organizations to reduce human error and accelerate incident response, minimizing risk, ensuring complete device and data trust, and enabling trusted AI in any connected environment.
Commenting on the news, Darron Antill said: “As a company that is immersed in the connected world and sees the latest use cases being deployed by our customers all over the world, we are acutely aware of how important it is to ensure complete trust in the devices and data being used. Our KSaaS cloud service and KeyScaler platform has already been recognised as the ‘Rising Azure Technology’ in Microsoft’s Partner of The Year Awards and by analysts who have identified Device Authority as the technological leader in its field. We are delighted that Prelude has joined our recent financing with Ten Eleven Ventures to also support our ongoing growth journey as we continue to advance our solution and grow our presence in North America.”
FinSMEs
20/02/2024