Fundz

Device Authority Announces $2.9 Million In Funding To Accelerate Revenue Growth

PRIVATEDec 02, 2021

Amount Raised

$2.9 Million

Round Type

Seed

SoftwareMobilePrivacy And SecurityComputer and Network Security

Description

Device Authority, a global leader in identity and access management (IAM) for the Internet of Things (IoT), today announces a $2.9 million funding round led by Tern PLC, ALP and Venafi. The funding will be used to accelerate the revenue growth of the company through expansion within the core markets, most notably the US, whilst accelerating further enhancements to the development of their flagship product, KeyScaler® platform.

Quick answer

Device Authority raised $2.9 Million in a Seed round, dated December 2, 2021.

How much did Device Authority raise?
Device Authority raised $2.9 Million in a Seed round on December 2, 2021.
What does Device Authority do?
Device Authority is a global leader in identity and access management (IAM) for the Internet of Things (IoT) and focuses on medical/healthcare, industrial, automotive, and smart connected devices.
Who are the decision-makers at Device Authority?
Fundz holds 1 contact at Device Authority. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Mobile and Privacy And Security around the same time

Companies in the same sectors as Device Authority that raised within 45 days of this round, from Fundz verified event records.

  • Get Paid raised $1.1M (Seed) on January 14, 2022.
  • Notabene raised $10M (Funding Round) on November 8, 2021.
  • Chess.Com raised an undisclosed amount on January 14, 2022.
  • Electric Power Engineers raised an undisclosed amount on January 13, 2022.
  • Yahaha Studios raised $50M (Funding Round) on January 13, 2022.
  • So Safe raised $73M (Series B) on January 13, 2022.

Who to call at Device Authority, and when

A new round usually means Device Authority is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Device Authority raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Device Authority, from your own LinkedIn network

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Company Information

Company

Device Authority

About

Device Authority is a global leader in identity and access management (IAM) for the Internet of Things (IoT) and focuses on medical/healthcare, industrial, automotive, and smart connected devices. Our KeyScaler platform provides trust for IoT devices and the IoT ecosystem to address the challenges of securing the Internet of Things. KeyScaler uses breakthrough technology, including Dynamic Device Key Generation (DDKG) and PKI Signature+ that delivers simplicity and trust to IoT devices. This solution delivers automated device provisioning, authentication, credential management, policy-based end-to-end data security/encryption and secure updates.

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Fundz sees it the moment Device Authority raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

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ML-powered predictions for Device Authority's next move

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Device Authority raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.