deviceTRUST, a Darmstadt, Germany-based IT security startup, completed a seven digit Series A financing round.
Backers included Hessen Kapital I GmbH, TF H III Technologiefonds Hessen GmbH, and High-Tech Gründerfonds.
The company intends to use the funds for European expansion of its sales and marketing activities, and investments in product development.
Led by Sascha Goeckel, Co-Founder and CEO, and Jens Schmidt, Co-Founder and CSO, deviceTRUST provides a context-based security solution that allows companies to provide a modern digital workplace while dynamically considering the context such as location, status of security components, network connections, hardware used and user rights. Employees and external partners are thereby able to work productively with their digital workplaces and at the same time meet all security-compliance and regulatory requirements.
With its patented and patent-pending technologies, deviceTRUST provides more than 200 hardware, software, network, security, performance and location features and integrates with any existing workspace management solution and requires no additional infrastructure.