Name

Intertrust

Legal name

Intertrust Technologies Corporation

Website

https://intertrust.com

Company type

Private

Founded year

1990

Operating status

Operating

Headcount range

101–250 employees

Ownership category

akta.pro rank

Product category

IoT Security and Trusted Computing Software

NAICS

Software Publishers (5132), Media Streaming Distribution Services, Social Networks, and Other Media Networks and Content Providers (516210), All Other Telecommunications (5178)

SIC

Services-Computer Integrated Systems Design (7373), Patent Owners & Lessors (6794)

akta.pro primary industry

Cloud Connectivity & Interconnect (Cloud On-Ramps, IX, Cross-Connects) (HDAIAFAF)

akta.pro secondary industries

Standards-Essential Patents (SEP) & FRAND Advisory (BPAHAMAL), IP Protection & Anti-Piracy Operations (Copyright/Trademark takedowns) (BPAAALAL)

Keywords

• IoT security software
• Digital rights management
• Trusted computing platform
• PKI for IoT
• Distributed energy orchestration

Headquarters

HQ city

Milpitas

HQ country

United States

HQ region

North America

Offices12 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Technology Licensing and Platform Services: Intertrust licenses its trusted computing technologies and platform services to energy utilities, VPP operators, device OEMs, and media companies. The company develops and licenses technologies for IoT, AI, and Web3. Its DRM technology continues to serve the media and entertainment industry. Revenue is derived from licensing fees, platform subscriptions, and professional services engagements.
2. PKI Certificate Authority Services: iPKI provides PKI certificate issuance and management as a managed service. Organizations use iPKI to issue and manage PKI certificates for connected devices. PKI certificates are the foundation for encryption and device identity. Revenue likely follows a subscription model with pricing based on device count or certificate volume.
3. DER Connectivity and Orchestration (Connect): Intertrust Connect provides unified, AI-ready connectivity for DER integration. It eliminates third-party API aggregators and costly custom development. Revenue is likely derived from platform/service fees tied to connected device counts or transaction volumes.
4. Flexworks DER Valuation Tool: Flexworks is a DER program valuation tool enabling utilities and VPP providers to run program valuations. Likely sold as a subscription or per-assessment basis to energy innovators.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels8 records

Core offering

Intertrust develops and licenses a suite of trusted computing software products and platforms for IoT, digital energy and media ecosystems. Its flagship XPN delivers zero-trust secure communications for distributed IoT devices; iPKI provides cloud-native certificate authority services; Intertrust Connect unifies DER integration and AI-ready orchestration for virtual power plants; Flexworks provides DER program valuation; ExpressPlay and MarketMaker serve digital rights and Web3 fan engagement use cases. Customers include energy utilities, VPP providers, OEMs, and media/entertainment companies.

Product overview

Intertrust offers a platform-plus-modules architecture focused on trusted computing for IoT, energy, and media ecosystems. The core technology is Intertrust XPN (Explicit Private Networking), a zero-trust secure communications service for IoT devices. This is complemented by Intertrust Connect, an AI-ready DER integration platform that provides unified, scalable connectivity for distributed energy resources. Supporting modules include Intertrust Flexworks (AI-driven DER program valuation and planning), Intertrust PKI/iPKI (cloud-native certificate authority for device identity), and Virtual iSCIF (cloud-based secure key management). The portfolio is anchored by solutions for scalable DER orchestration, trusted IT/OT convergence, and digital identity management, with secondary offerings in media DRM (ExpressPlay) and fan engagement platforms (MarketMaker).

Differentiator

Problem solved

Functional benefit

Brands

• Intertrust Connect: Seamlessly connect energy assets for AI at scale
• Intertrust Flexworks
• Intertrust PKI
• ExpressPlay
• MarketMaker
• XPN (Explicit Private Networking)
• iPKI
• PowerHub

Products and services

• Intertrust XPN (Explicit Private Networking) World's first IoT-optimized secure communications service providing zero-trust architecture for distributed IoT systems. Secures data exchange across untrusted networks by authenticating all devices and applications at the application layer, surpassing traditional VPN and TLS approaches for IoT/OT environments.
• Intertrust Connect Unified, AI-ready connectivity platform that seamlessly connects distributed energy assets for AI at scale, eliminating costly custom integrations and third-party API aggregators. Targets utilities, VPP providers and energy retailers building VPPs, DERMs, and demand response programs.
• Intertrust Flexworks AI-driven distributed energy planning tool for flexibility program valuation and optimization. Condenses months of DER valuation work into minutes, enabling energy innovators to test hundreds of what-if scenarios across device types, customer segments, and market structures with real-time results.
• Intertrust PKI (iPKI) Cloud-native, WebTrust-certified PKI (Certificate Authority) service for IoT that designs, issues and manages PKI certificates throughout their lifecycle. Supports custom certificates, short-lived credentials, key ladders, and provisions up to 10M+ device IDs per day, backed by 10+ years of experience protecting over 2 billion devices and 20 billion keys provisioned.
• iPKI for DERs Specialized PKI service for distributed energy resources enabling secure connection of millions of DER devices across utilities, microgrids, and DERMs. Supports NIST (NISTIR 8259A) and NERC CIP compliance with 99.9% uptime and multi-region disaster recovery.
• Virtual iSCIF (Virtual Secure Compartmented Information Facility) Cloud-native enterprise key management solution that replaces physical SCIFs. Provides hardware-based key isolation via cloud HSMs and secure multi-party control with quorum-based access, achieving 3-4x lower total cost of ownership than traditional physical secure rooms.
• ExpressPlay Digital rights management (DRM) product line for media and entertainment that facilitates content delivery through mobile applications and websites, managing digital rights and authenticating end-user permissions for viewing copyrighted material across channels.
• MarketMaker Technology that powers secure Web3 fan marketing platforms and NFT-based campaigns, enabling creation of dedicated portal sites, distribution of exclusive content, and analysis of fan engagement metrics for digital collection platforms.

Quantifiable outcome

• Up to 30% cost savings on DER connectivity through unified platform (Intertrust Connect)
• +7 more outcomes

Named customers13 records

Segments1 record

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

AI capability4 records

Feature6 records

Partnerships

Nine partnerships are on record, tiered major, core and minor.

• Kinergy (Origin Energy subsidiary)majorTechnology or Integration · 1 February 2026Intertrust and Kinergy partnered to provide secure, sanctioned connectivity to distributed energy resources (DER) at scale. Kinergy's optimization platform connects to DER assets through Intertrust's TEIA-compliant technology via OEM-sanctioned channels, reducing integration costs and eliminating vendor lock-in. Kinergy has deployed and optimized over 1.5 GW across more than 400,000 devices globally. Joint technology is deployed in Europe, Japan, and the United States, including an active Texas deployment for Rhythm Energy.
• EurotechcoreTechnology or Integration · 1 December 2025Eurotech joined the Intertrust XPN Partner Program to integrate XPN's security framework into its ReliaGATE edge gateway product line, targeting the rapidly expanding virtual power plant and distributed energy resources market. The collaboration combines Eurotech's industrial-grade edge computing gateways with Intertrust's zero-trust architecture and trusted data interoperability solutions. Initial implementation focuses on the ReliaGATE 15A-12 gateway, with plans to extend XPN support across Eurotech's broader gateway portfolio.
• GivEnergycoreTechnology or Integration · 1 March 2025GivEnergy and Intertrust partnered to deploy secure, interoperable batteries as part of the digital energy ecosystem. The partnership enables GivEnergy's battery systems to participate in secure VPP and DER orchestration through Intertrust's connectivity and security platform.
• SNFT Inc. (Sony Group Company)coreTechnology or Integration · 1 February 2025Intertrust announced its integration into Sony's Web3 Fan Marketing Platform introduced by SNFT Inc., launching in phases starting February 2025. The platform relies on Intertrust's MarketMaker technology to enable features such as creating dedicated portal sites, distributing exclusive content, and analyzing fan engagement metrics for NFT-based campaigns. SNFT Inc. is a Sony group company specializing in digital collection platforms powered by blockchain technology.
• NFLUXmajorStrategic or Co-development Partner · 1 January 2025NFLUX and Intertrust forged a strategic partnership to deliver secure, interoperable data services for the global energy market. The partnership enables NFLUX to leverage Intertrust's trusted data exchange and security capabilities to support grid-interactive energy operations.
• EIPGRIDcoreTechnology or IntegrationEIPGRID is a featured partner in the XPN Partner Program. As a VPP operator, EIPGRID leverages Intertrust XPN to seamlessly support large numbers of secure, distributed endpoint devices in their VPP implementation, delivering best-in-class trust, security, and energy efficiency for customers. EIPGRID CEO Tony Lee provided a testimonial endorsement.
• ITOCHU Techno-Solutions CorporationminorChannel Partner/ Reseller/ DistributorFeatured partner in the Intertrust XPN Partner Program ecosystem.
• RWE RenewablesmajorTechnology or IntegrationRWE Renewables partnered with Intertrust PowerHub to boost power outputs, raise efficiencies, and reduce costs at its offshore UK wind farms. RWE increased profitability and safety, improved operational efficiencies, gained interactive data visualizations, and boosted competitive position through the Intertrust solution.
• TEIA (Trusted Energy Interoperability Alliance)coreStrategic or Co-development PartnerTEIA is an open standards organization for secure interoperability in digital energy systems, co-founded by Intertrust, E.ON, JERA, GS Energy, and Origin Energy. TEIA's specifications and membership agreements are available at www.trusted-energy.org. The alliance develops standards for cryptographic device identity, fine-grained authorization, and end-to-end attestation in VPPs and DERs.

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Cisco (IoT/Industrial): Cisco's industrial IoT and networking portfolio (including secure networking, IoT gateways, and edge compute) competes with Intertrust XPN/Connect for utility and industrial connectivity budgets, with far greater scale but a more general-purpose, network-layer (vs application-layer) security posture.
• Itron: Itron is a major smart meter and utility IoT platform vendor, with a large installed base in AMI/grid edge devices. A broad incumbent in utility IoT whose endpoints could be secured and orchestrated by Intertrust iPKI/XPN, but whose networking stack also competes for the same utility budget.
• AutoGrid (Schneider Electric): AutoGrid, now part of Schneider Electric, provides DERMS and VPP optimization software serving large utilities globally. Competes with Intertrust Connect in the DER orchestration and flexibility layer, with broader scope but less specialization in zero-trust device identity and TEIA-style standards.
• Landis+Gyr: Landis+Gyr provides smart metering, grid edge intelligence, and IoT connectivity to utilities worldwide. As a broad incumbent in utility IoT, it competes for the same utility capex pool and represents a potential integration partner or competitor depending on the procurement scope.

Emerging players

• Uplight: Uplight provides energy customer engagement, DER orchestration, and VPP software to utilities, partially overlapping with Intertrust Connect and Flexworks. Strong utility relationships but focused on the customer engagement and demand response layer rather than device identity and zero-trust networking.
• Enode: Enode provides a unified API for DERs (EVs, batteries, heat pumps) targeting energy retailers and VPP providers, intersecting with Intertrust Connect's DER integration value proposition. More developer-focused and API-aggregator oriented, complementary rather than fully overlapping.

Direct peers

• Device Authority: Device Authority delivers automated device identity, PKI, and trust management for IoT ecosystems, closely aligned with Intertrust's iPKI and XPN. Competes for the same IoT security buyer, with comparable zero-trust and identity-at-scale positioning.
• DigiCert: DigiCert is the largest commercial Certificate Authority and IoT device identity provider, offering PKI, certificate lifecycle management, and device identity at scale. Directly comparable to Intertrust's iPKI business, with a broader customer base but less energy-vertical specialization.
• Keyfactor: Keyfactor provides PKI as-a-service and machine identity management for IoT and connected devices, competing directly with Intertrust's iPKI. Overlaps in certificate issuance, lifecycle management, and IoT device identity, though without the energy-vertical depth or XPN secure networking layer.

Others

• AWS IoT: AWS IoT Core provides secure device connectivity, message brokering, and identity services, and is already integrated with Intertrust XPN. As a broad hyperscaler incumbent, AWS could absorb zero-trust features natively and reduce the case for a separate secure communications layer.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/IntertrustTech
• LinkedInlinkedin.com/company/intertrust
• Facebookfacebook.com/intertrusttechnologies

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries3 records

Funding overview

Funding rounds6 records

Investors5 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A7 records

Investments3 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Intertrust