Device Authority Ltd - Experts & Thought Leaders

Delivering highly innovative, scalable and affordable device protection in the world of IoT and AI, Device Authority’s award-winning Enterprise KeyScaler as a Service (KSaaS) is now available on Microsoft’s Azure Marketplace. The solution, which is co-sell ready, is available as a free trial on the Marketplace, with attractive, introductory pricing options also available. Built on Microsoft Azure, KSaaS offers an infrastructure-free alternative to Device Authority’s existing, on-premise KeyScaler platform, tailor-made for the explosion of IoT devices, AI applications and global supply chains. The solution allows businesses to achieve total device, data, and operational trust without the burden of costly infrastructure or dedicated resources. Advanced IoT security solutions With one-click deployment of PKI services and identity lifecycle management for IoT at scale By choosing KSaaS on Azure Marketplace, businesses can strategically align their security investments with existing commitments, as the procurement counts towards their Microsoft Azure Consumption Commitment (MACC) incentive. This integration means companies can leverage KSaaS without additional expenditure, utilising their pre-committed Azure budget effectively. This not only streamlines financial planning, but also ensures seamless integration of advanced IoT security solutions within their existing Azure ecosystem. With one-click deployment of PKI services and identity lifecycle management for IoT at scale, KSaaS is a breakthrough in the market, giving customers more choices in procurement and consumption. KSaaS’ excellence Device Authority has shown strong customer focus and impact by building on Microsoft Azure The solution also provides automated lifecycle management, policy-driven encryption and continuous assurance and threat validation to aid compliance with significant regulations such as the EU Cyber Resilience Act, US Executive Order 14028 and SBOM (Software Bill of Materials). KSaaS’ excellence as an infinitely scalable, fully-managed, cloud-based solution has earned Device Authority a highly sought-after Rising Azure Technology 2023 Microsoft Partner of the Year Award, beating competition from around the globe. The award recognises that Device Authority has demonstrated strong customer focus and impact by building on Microsoft Azure as its primary cloud platform. Expanding networks of IoT devices Device Authority CEO Darron Antil said: “The availability of our award-winning KSaaS on Azure Marketplace is a major moment for the protection of expanding networks of IoT devices from the growing ranks of cyber criminals and malign hackers. Our KeyScaler platform is the only solution that can effectively automate zero trust for IoT at scale. Quite simply it reduces risk, reduces costs, reduces human error and provides a best-in-class SaaS solution for our customers. Now KSaaS brings the simplicity and flexibility of KeyScaler to many more businesses. who may find the investment in an on-premise solution – and its maintenance – prohibitive.” “With our award-winning solution delivering automated security to their connected devices, businesses can accelerate towards digital transformation goals, confident their infrastructure is protected.”

Device Authority, a global pioneer in identity and access management for Enterprise IoT ecosystems has secured a further $2m in Series A funding from Prelude, the venture practice for Mercato Partners. SaaS KeyScaler platform The US-based venture capital firm specialises in investments in high-growth cyber technology businesses. It chose to invest in Device Authority due to the strength of its team, its innovative SaaS KeyScaler platform, which helps Enterprises deliver zero trust for IoT, and its expanding use cases, solving real problems that customers face in the market. Global IoT market size 54% of organisations suffer from attempted IoT-focused cyber-attacks making identity and access management a priority According to Fortune Business Insights, the global IoT market is increasing at a compound annual growth rate of 26.1% and is expected to reach $3352.97 billion by 2030. However, when coupled with the fact that on average every week, 54% of organisations suffer from attempted IoT-focused cyber-attacks, this makes effective identity and access management a priority for business risk mitigation and compliance. Device and data trust Commenting on the investment, Device Authority CEO, 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." He adds, "Our KSaaS cloud service and KeyScaler platform have 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 pioneer in its field."  Increasing North American presence Darron Antill continues, "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.” Davis Warnock from Mercato Partners: Prelude, said “We have been familiar with the Device Authority product and team for quite some time, and we are thrilled about the opportunity to invest in their future growth."  Identity and access management Davis Warnock adds, "In our view, this company stands out as the preeminent pioneer in Identity and Access Management for enterprise IoT.” Mercato Partners’ investment comes just weeks after Ten Eleven Ventures’ $7m investment in Device Authority and the appointment of three new board directors; Timothy Eades, David Palmer, and Grace Cassy.

Device Authority, a global pioneer in Identity and Access Management for Enterprise IoT ecosystems, announced $7M in Series A funding from Ten Eleven Ventures, a global venture capital firm specialising in cybersecurity. The investment follows Device Authority’s prestigious Microsoft Global Partner of the Year award and the launch of the company’s new KeyScaler AI solution. The growing complexity of Enterprise IoT ecosystems makes device security increasingly vital. As the global number of IoT devices is projected to reach 41.6 billion by 2025 and the number of IoT-focused cyber attacks rose to over 112 million in 2022 according to Statista, effective identity and access management is a foundational element in mitigating security risks, preventing unauthorised access, and ensuring compliance. Use of AI Device Authority’s KSaaS forum feeds automatic device identity security throughout the lifecycle Device Authority’s KeyScaler-as-a-Service (KSaaS) platform provides automated device identity security throughout the entire lifecycle, allowing organisations to achieve end-to-end device and data trust.  Its patented Dynamic Device Key Generation (DDKG) trust anchor technology and its continuous authorisation supports supply chain security and establishes a vital root of trust to mitigate the security risks posed by the use of AI in connected environments in the automotive, medical, industrial and critical infrastructure industries. Series A investment The Series A investment enables Device Authority to continue to grow its product offerings and will allow the company to continue to expand its North American presence. Alongside the investment, Device Authority appointed three new board members including industry luminary and serial cyber CEO and investor Timothy Eades; Dave Palmer, General Partner of Ten Eleven Ventures and co-founder and Chief Product Officer of Darktrace; and Grace Cassy, co-founder of cybersecurity investment firm CyLon Ventures and former foreign policy advisor to UK Prime Minister Tony Blair. Device Authority’s journey We are delighted to welcome Ten Eleven Ventures as a new investor" Device Authority’s CEO Darron Antill commented, “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.” Author's quote Ten Eleven Ventures General Partner Dave Palmer added, “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 developed a comprehensive way in which companies can manage the risks of smart components and ultimately deliver safer products to their consumers. We are pleased to partner with them at this chapter of their journey, and look forward to helping them grow.”