Fundz

Device Authority adds US VC to Series A round

PRIVATEFeb 21, 2024

Amount Raised

£1.6 Million

Round Type

Series A

SoftwareMobilePrivacy And SecurityComputer and Network Security

Investors

Prelude

Description

Device Authority has secured £1.6 million in Series A funding from Prelude, the venture capital practice for US-based Mercato Partners, specializing in investments in high-growth cyber technology businesses. The funding comes just weeks after a previous investment and the appointment of three new board directors.

Quick answer

Device Authority raised £1.6 Million in a Series A round, dated February 21, 2024. Investors: Prelude.

How much did Device Authority raise?
Device Authority raised £1.6 Million in a Series A round on February 21, 2024.
Who invested in Device Authority?
Prelude is named as investors in this round.
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.

  • Telness Tech raised $5.4M (Funding Round) on April 4, 2024.
  • Billd raised $9.5M on April 2, 2024.
  • Skyflow raised $30M (Series B) on March 28, 2024.
  • Coro raised $100M (Series D) on March 28, 2024.
  • Pocket FM raised $103M (Series D) on March 20, 2024.
  • Billy raised $4.5M (Seed) on March 15, 2024.

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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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

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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