DeviceAuthority Closes Series A Funding from Alsop Louie Partners
Funding to Expand Sales & Marketing Activities
FREMONT, Calif., February 11, 2014-- Cyber security startup DeviceAuthority, Inc. announced today that it has closed its Series A financing round, led by Alsop Louie Partners, based in San Francisco, CA. Proceeds for the financing will be primarily used to expand sales, marketing and channel development activities.
DeviceAuthority has innovated in security by developing core technology that allows enterprises, government agencies and online service providers to validate connections by focusing on the identity of the device, rather than just the user. The company has branded the product line as D-FACTOR™, and plans to position itself as a natural complement to existing authentication schemes using passwords and other credentials.
“We are seeing great validation and interest in our D-FACTOR authentication engine and security technology from customers,” said Talbot Harty, CEO of DeviceAuthority. “We believe that D-FACTOR will add significantly to the security of networks, online services and applications.”
“It’s the range of interest from customers and the transparency of the solution to the users that really sparked our interest in working with DeviceAuthority,” said William Crowell, partner of Alsop Louie Partners, and director of DeviceAuthority, Inc. “The solution is not only important for server authentication and other machine-to-machine authentication, but is an excellent method for authenticating mobile devices as well.”
DeviceAuthority provides advanced security and device authentication for multi-factor and machine-to-machine (M2M) applications, turning the device into a dynamic security key and a reliable authentication factor for online and mobile access applications. The Company was founded in 2013 and possesses a solid portfolio of security-related intellectual property, including several patents and applications in network-connected device authentication and online transaction protection. For more information, please visit http://www.deviceauthority.com
Alsop Louie Partners is an early-stage technology venture firm based in San Francisco, CA. The firm invests in core technologies, including cybersecurity, predictive analytics and other disruptions in technology. The firm was founded by Stewart Alsop, industry pundit and venture investor, and Gilman Louie, video game entrepreneur and cyber security investor. William Crowell, former CEO of Cylink Corp., a public security technology company and former deputy director of the NSA, joined the firm as a partner in 2012 and is the board member of DeviceAuthority, Inc. For more information, please visit http://www.alsoplouie.com
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