Trustonic
Trustonic operates the world's largest device-locking SaaS platform, embedding its Kinibi EAL5+-certified Trusted Execution Environment in 2+ billion devices to enable mobile carriers, retailers, financiers, and government regulators to finance, subsidise, and protect smartphones across the device lifecycle.
- Company typePrivate
- Founded2012
- HeadquartersCambridge, United Kingdom
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What Trustonic does
Trustonic is a Cambridge-headquartered, EMK Capital–backed cybersecurity company that operates the world's largest device-locking platform, deployed across 350 million+ managed devices in 50+ countries and embedded at the chipset level in 2+ billion smart devices and 20 million vehicles. Its core technology, the Kinibi Trusted Execution Environment, is a hardware-isolated security environment that became the world's first TEE to achieve comprehensive Common Criteria EAL5+ certification in May 2022; it provides the secure vault used for device locking, cryptographic key storage, payment credential protection, and policy enforcement. On top of this hardware foundation, Trustonic sells a cloud-based Device-Locking SaaS Platform with three integrated modules — Device Financing (for lenders using the device as collateral), Subsidy Protection (for carriers preventing SIM-swap fraud and non-activation), and Supply Chain Protection (locking devices from factory through point of sale to eliminate theft economics).
The company monetizes through B2B quote-based subscriptions and licensing, charging carriers, retailers, financiers, and government regulators on per-device or per-transaction economics tied to financing and subsidy programmes, with annual billing cadence. It goes to market through a direct enterprise field sales motion targeting mobile operators and financial institutions, complemented by channel partnerships with mobile carriers, retailers, and OEMs that embed its technology at the device level. The customer base spans tier-1 global carriers (AT&T, Verizon, T-Mobile, Telefónica, MTN, Vodacom, Telcel, Claro, Entel), major retailers (Amazon, Flipkart), financiers (Axio and 135+ partners), and government regulators, with a flagship Google partnership designating Trustonic as a global Android smartphone locking partner and a Sasken partnership extending the Kinibi TEE into automotive OEMs and Tier 1 suppliers.
Operationally, Trustonic is PE-owned under EMK Capital (acquired from its 2012 founding parents ARM, Gemalto, and G&D), with a leadership team led by CEO Dion Price, COO Suzie Smith, and CRO Sheldon Hebert. The company has 51–100 employees across offices in the UK (Cambridge HQ), France, the US, South Korea, India, China, Taiwan, and multiple Latin American and African countries. It holds 120 registered patents and reports zero data breaches across more than 10 years of operation.
Trustonic firmographics
Firmographics- Name
- Trustonic
- Legal name
- Trustonic Limited
- Website
- https://trustonic.com
- Company type
- Private
- Founded year
- 2012
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Trustonic operates the world's largest device-locking SaaS platform, embedding its Kinibi EAL5+-certified Trusted Execution Environment in 2+ billion devices to enable mobile carriers, retailers, financiers, and government regulators to finance, subsidise, and protect smartphones across the device lifecycle.
- Ownership category
- akta.pro rank
Trustonic industry classification
Industry- Product category
- Mobile Device Security / Device Lifecycle Management
- NAICS
- Security Systems Services (except Locksmiths) (561621)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Digital Asset Custody & Key Management (MPC, HSM, Wallet Infra) (FSAGAMAB)
- akta.pro secondary industries
- Smart Contract Wallets & Account Abstraction (FSADACAF), Smart Contract Wallets / Account Abstraction (MPC/AA, social recovery, paymasters) (FSAPACAB), Compliance, Risk & RegTech for Tokenized Assets (KYC/AML, sanctions, travel rule, reporting) (FSAPAIAH), Digital Asset Risk, Security & Audit Tooling (Smart Contract Audit, Threat Monitoring) (FSAGAMAJ)
Keywords
Where Trustonic is headquartered
LocationHeadquarters
- HQ city
- Cambridge
- HQ country
- United Kingdom
- HQ region
- Europe
Offices16 records
Markets served
Trustonic business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Infrastructure, Operations
Revenue model
- Device-Locking SaaS Platform (Subscription/Licensing): Trustonic generates revenue through licensing its Kinibi TEE technology to OEMs and chipset manufacturers (ARM-based), and through subscription/SaaS fees charged to carriers, retailers, and financiers who use its cloud-based device-locking platform. The platform is sold as a managed service with per-device or per-transaction pricing embedded in financing programmes.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | B2B SaaS platform — quote-based pricing |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels6 records
Trustonic product offering
Product offeringCore offering
Trustonic sells a cloud-based Device Locking SaaS Platform that enables mobile carriers, retailers, and financiers to safely finance, subsidize, and protect smartphones across their lifecycle by remotely enrolling, monitoring, restricting, and locking devices. The platform is backed by its proprietary Kinibi Trusted Execution Environment (TEE), a hardware-isolated security module embedded in chipsets across 2+ billion smart devices and 20 million vehicles, certified at Common Criteria EAL5+. Revenue is generated through SaaS subscriptions to carriers, retailers, financiers, and government regulators, plus TEE licensing to OEMs and chipset manufacturers.
Product overview
Trustonic operates a unified Device Locking SaaS Platform with three integrated modules: Device Financing (for lending and loan default reduction), Subsidy Protection (for network activation verification), and Supply Chain Protection (for theft prevention). The platform is backed by Kinibi TEE technology, which provides hardware-level security certified at EAL5+ level. Built on a cloud-based infrastructure, the platform enables automated policy enforcement through a rules engine and supports device enrollment via API, batch import, or single upload. Trustonic serves carriers, retailers, financiers, and regulators across 50+ countries.
Differentiator
Problem solved
Functional benefit
Products and services
- Device Locking SaaS Platform Cloud-based platform enabling mobile device financing, subsidy protection, and supply chain protection. Manages, controls, and protects devices across their lifecycle through automated notifications, restrictions, and locking capabilities for carriers, retailers, financiers, and regulators.
- Device Financing Solution Solution that enables lenders, carriers, and retailers to offer smartphone financing by locking devices until payments are verified. Achieves 70% reduction in loan defaults and supports PAYGO, weekly, and monthly payment models for the credit-invisible majority in emerging markets.
- Subsidy Protection Solution Service that restricts subsidized devices until service activation is verified, ensuring customers stay on the network long enough for the provider to recoup their investment. Reduces non-activation from 30% to under 8% with immediate ROI in 60–90 days.
- Supply Chain Protection Solution Solution that locks devices at the point of manufacture; they only unlock at point of sale. A Trustonic locked device has zero resale value, preventing theft from factory to storefront and achieving 80% theft reduction.
- Kinibi Trusted Execution Environment (TEE) Trustonic's Trusted Execution Environment technology deployed across over 2 billion smart devices and 20 million vehicles globally. The world's first TEE to achieve comprehensive EAL5+ certification, providing hardware-level security for mobile and automotive applications and licensed to OEMs and chipset manufacturers.
Quantifiable outcome
- 70% average reduction in loan defaults
- +7 more outcomes
Companies that use Trustonic
Customer profileNamed customers13 records
Segments4 records
Ideal customer profiles5 records
Trustonic technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
AI capability2 records
Feature4 records
Trustonic partnerships and signals
Strategic signalPartnerships
17 partnerships are on record, tiered core and flagship.
- Sasken TechnologiescoreSasken partnered with Trustonic to bring advanced Kinibi TEE security options to automotive OEMs and Tier One suppliers. The collaboration enables Sasken engineers to work directly with Trustonic's security platform to develop advanced security options for higher-level automotive applications and services. Sasken serves as a bridge to the automotive sector, integrating Trustonic's EAL5+ certified TEE into vehicle hardware platforms.
- SITIC (Acquisition — now part of Trustonic)flagshipTrustonic acquired SITIC, a Latin American mobile device locking provider, to expand its global market leadership in device locking technology. SITIC had developed bespoke smartphone locking technology operating across five continents, managing over 65 million devices. The acquisition strengthened Trustonic's footprint in Latin America and contributed to its management of 65+ million devices.
- GoogleflagshipTrustonic was selected by Google as a global smartphone locking partner. Google's locking mechanisms are approved through Trustonic's platform, which is a core component of Google's broader mobile ecosystem security strategy. This partnership covers Google's Android ecosystem globally.
- SamsungcoreSamsung is a key OEM partner with live deployments of Trustonic's device-locking platform. Trustonic's technology is embedded in Samsung devices globally.
- XiaomicoreXiaomi is a key OEM partner with live deployments of Trustonic's device-locking platform. Trustonic's technology is embedded in Xiaomi devices globally.
- OPPOcoreOPPO is a key OEM partner with live deployments of Trustonic's device-locking platform.
- realmecorerealme is a key OEM partner with live deployments of Trustonic's device-locking platform.
- MotorolacoreMotorola is a key OEM partner with live deployments of Trustonic's device-locking platform.
- Transsion (TECNO, itel, Infinix)coreTranssion is a key OEM partner with live deployments of Trustonic's device-locking platform. At MWC 2026, TECNO unveiled its TGuard security brand featuring Trustonic's CC EAL5+ certified TEE.
- HMD Global (Nokia)coreHMD Global is a key OEM partner with live deployments of Trustonic's device-locking platform.
- TCLcoreTCL is a key OEM partner with live deployments of Trustonic's device-locking platform.
- ZTEcoreZTE is a key OEM partner with live deployments of Trustonic's device-locking platform.
- HonorcoreHonor is a key OEM partner with live deployments of Trustonic's device-locking platform.
- KaiOScoreKaiOS is a key OS partner with live deployments of Trustonic's device-locking platform, covering feature phone and low-cost smartphone markets.
- AvastcoreAvast provides threat detection capabilities integrated into TECNO's TGuard security ecosystem, which is built on Trustonic's CC EAL5+ certified TEE. The three-tier defense architecture combines Trustonic's hardware security with Avast's software threat detection.
- GSMAcoreTrustonic is a member of the GSMA and a key partner in GSMA initiatives related to mobile security, device lifecycle management, and digital inclusion. Trustonic integrates with GSMA's device identification databases for national regulatory deployments.
- ARMcoreTrustonic was originally created as a joint venture between ARM, Gemalto, and G&D. ARM's processor architecture forms the foundation of Trustonic's Kinibi Trusted Execution Environment. This foundational partnership has enabled Trustonic's TEE to be embedded at the hardware level across billions of devices.
Scale indicators18 records
Recent moves6 records
Expansion highlights6 records
Trustonic competitors and assessment
Company assessmentDirect peers
- Samsung Knox: Samsung's hardware-rooted mobile security platform built into Galaxy devices. Directly comparable to Trustonic's Kinibi TEE for device-level security, though Knox is OEM-controlled for Samsung devices while Trustonic licenses across multiple OEMs globally.
- Lookout: Mobile security company providing threat detection and device risk assessment for enterprises and consumers. Comparable to Trustonic in the mobile security domain, though Lookout focuses on software-based threat defense rather than hardware-isolated device control.
- Zimperium: Mobile threat defense and device security company serving enterprises and government agencies. Directly comparable to Trustonic as a mobile security provider, though Zimperium's focus is on detecting mobile threats rather than hardware-isolated device lifecycle management.
- Ivanti (MobileIron): Unified endpoint management and mobile device management (MDM) provider. Comparable to Trustonic's device control and policy enforcement capabilities, particularly in enterprise mobility contexts where device lifecycle management, application restrictions, and remote lock/wipe are required.
- SOTI: Enterprise mobility management provider specializing in MDM and IoT device management. Comparable to Trustonic in the device lifecycle management space, particularly for retailers and field operators managing fleets of mobile devices with policy enforcement and remote control requirements.
Broad incumbents
- ARM (TrustZone): Processor architecture company whose TrustZone technology is the foundational TEE framework underlying Trustonic's Kinibi. ARM was an original founder of Trustonic and remains the dominant mobile processor IP, making it both a critical partner and a potential broad incumbent in hardware-rooted security.
- NXP Semiconductors: Semiconductor manufacturer providing secure elements and embedded security solutions for mobile, automotive, and IoT markets. Comparable to Trustonic's Kinibi TEE as a hardware-rooted security provider for connected devices, particularly in automotive secure elements and payment applications.
- Thales: Global digital security company formed through the merger of Thales and Gemalto (an original Trustonic JV partner). Provides hardware security modules, mobile security, and digital identity solutions broadly comparable to Trustonic's enterprise security portfolio at much greater scale across multiple verticals.
- IDEMIA: Digital identity and security solutions provider serving financial institutions, mobile operators, and government agencies. Comparable to Trustonic's work in mobile device security and digital identity, though IDEMIA's primary focus is on biometric credentials, SIM, and identity documents.
Emerging players
- Esper: Device management platform purpose-built for dedicated Android devices in retail, healthcare, and logistics. Comparable to Trustonic's device control capabilities for specific verticals, though Esper focuses on dedicated-device fleet management rather than consumer device financing and subsidy protection.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Trustonic social profiles
Digital presenceTrustonic compliance and trust
Trust signalCompliance1 record
Trustonic financial estimates
Financial estimateRevenue estimate
Valuation estimate
Trustonic leadership team
Management profileNumber of profiles
Profiles9 records
Trustonic subsidiaries and ownership
Company hierarchySubsidiaries1 record
Trustonic funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Trustonic M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Trustonic
What does Trustonic do?
Trustonic sells a cloud-based Device Locking SaaS Platform that enables mobile carriers, retailers, and financiers to safely finance, subsidize, and protect smartphones across their lifecycle by remotely enrolling, monitoring, restricting, and locking devices. The platform is backed by its proprietary Kinibi Trusted Execution Environment (TEE), a hardware-isolated security module embedded in chipsets across 2+ billion smart devices and 20 million vehicles, certified at Common Criteria EAL5+. Revenue is generated through SaaS subscriptions to carriers, retailers, financiers, and government regulators, plus TEE licensing to OEMs and chipset manufacturers.
Is Trustonic a public or private company?
Trustonic is a private company. It is classified as private equity controlled and is currently operating.
When was Trustonic founded?
Trustonic was founded in 2012. It employs 51 to 100 people.
Where is Trustonic based?
Trustonic is headquartered in Cambridge, United Kingdom, in the Europe region.
How does Trustonic make money?
One revenue line is on record: device-Locking SaaS Platform (Subscription/Licensing).
Who are Trustonic's main competitors?
Direct peers on record are Samsung Knox, Lookout, Zimperium, Ivanti (MobileIron) and SOTI. Broad incumbents are ARM (TrustZone), NXP Semiconductors, Thales and IDEMIA. Esper is listed as an emerging player.
Does Trustonic have an API?
Yes. Trustonic's platform supports device enrollment via API. Devices can be enrolled through single upload, batch import, or API integration. From first power on, devices are enrolled, visible, and ready to be managed for life through the cloud-based platform.
What industry is Trustonic in?
Trustonic's product category is Mobile Device Security / Device Lifecycle Management. Its primary akta.pro industry code is FSAGAMAB, Digital Asset Custody & Key Management (MPC, HSM, Wallet Infra), with a secondary code of FSADACAF, Smart Contract Wallets & Account Abstraction. Its NAICS code is 561621 and its SIC code is 6200.