Device Authority

Private

ReadingCybersecurityhttps://deviceauthority.com/

Last Round

Series B

Extension

Dec 23, 2024

Est. Valuation

$27M

Total Funding Raised

$14.6M

Company Overview

Device Authority is a cybersecurity company that provides an identity and access management platform for enterprise IoT and OT ecosystems.

Sector

Cybersecurity

Verticals

IoT Security, Identity & Access, Cloud Security, Zero Trust

Business Model

B2B

Customer Profile

Subscription SaaS, Services & Consulting, Government Contracts

AI Layer

Application

Keywords

IoT securityidentity and access managementIAMdevice identitydevice provisioningzero trustPKI automationIoT device managementHSMhardware security moduleIoT security gatewaydevice authenticationcybersecurityconnected device securityIIoT securityanomaly detection

Historical Pricing

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Caplight Momentum Score

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Device Authority Comps

Public and private peers based on sector, stage, and business model.

Device Authority comps — public and private peers by sector, stage, and business model
Company	Status	Est. Valuation	Rev Multiple
OpenAI	Private	$86.0B	~40x
Cohere	Private	$5.0B	--
Competitor 1	Public	$XX.XB	XXx
Competitor 2	Public	$XX.XB	XXx

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Device Authority Funding Rounds

Historical fundraising activity

Data table
Round	Date	Amount Raised	Valuation	Investors	Sources
Series B Extension	Dec 23, 2024
Series A Extension	Feb 20, 2024
Series B	Feb 7, 2024
VC Round	Dec 2, 2021
VC Round	Oct 2, 2017
VC Round	Oct 18, 2016

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Key People

Founding team and executive leadership

James Penney

CTO

Executive Team

Device Authority Investors

Notable investors and investment history

Device Authority investors
Investor	Rounds
Mercato Partners	Series A Extension, Series B
Tern PLC	Series B, VC Round, M&A
Ten Eleven Ventures	Series B Extension, Series B
Alsop Louie Partners	Series B, M&A, VC Round, Series A

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Market signals

Structured signals derived from secondary market and firmographic data.

Mar 4, 2025
Launched KeyScaler Discovery tool for IoT network security.
Jan 16, 2025
Molly Marks appointed Senior Director, North America MSP Sales.

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Device Authority Filings

SEC and related filings with document metadata.

Data table
Typed	Date	Amount Offered	Amount Sold	Filling	Pages	Download
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Device Authority Filings

SEC and related filings with document metadata.

Frequently Asked Questions

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Firmographic Details

HeadquartersReading

Employee Range32

Year Founded2013

Last FundingDec 23, 2024

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