Kudelski IoT

What Kudelski IoT does

Kudelski IoT is the Internet of Things security division of Kudelski Group (Kudelski s.a.r.l.), a publicly listed Swiss cybersecurity conglomerate (SIX:KUD) headquartered in Cheseaux-sur-Lausanne with a US operating entity (NAGRA USA INC dba Kudelski IoT) in Phoenix, Arizona. The division provides end-to-end IoT security for semiconductor manufacturers, automotive OEMs and Tier 1 suppliers, medical device makers, smart home device manufacturers, crypto wallet providers, and energy/utilities, with semiconductor manufacturers identified as the primary segment.

The technical portfolio is anchored by keySTREAM, a cloud-based IoT security platform that delivers device identity, secure provisioning, secure Over-The-Air firmware updates, and lifecycle management, complemented by Security IP for System on Chip (including the KSE quantum-resistant variant), In-Field Provisioning, and a Matter Certificate Authority operating as a Non-VID-Scoped Product Attestation Authority within the Connectivity Standards Alliance. Kudelski IoT also operates accredited security labs for Alexa Voice Services, AT&T, and ANSSI CSPN certifications, and supports compliance with EU Cyber Resilience Act, ISO/SAE 21434, UNECE WP.29, ISA/IEC 62443, FDA cybersecurity guidelines, and EU MDR.

The business model combines four revenue streams: subscription/SaaS (keySTREAM and Matter Device Attestation and Casting Certificates), Security IP licensing and royalties to semiconductor manufacturers, professional services (security training workshops, design integration, evaluations, and certification), and continuous firmware monitoring. Go-to-market is enterprise field sales targeting security consultants at semiconductor and device OEMs, supplemented by self-serve access to Matter certificate services. Pricing is quote-based and not publicly disclosed.

Name

Kudelski IoT

Legal name

NAGRA USA INC dba Kudelski IoT

Website

https://kudelski-iot.com

Company type

Private

Founded year

1951

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Kudelski IoT is the IoT security division of Swiss Kudelski Group, providing semiconductor Security IP, the keySTREAM lifecycle platform, Matter certificates, and accredited security lab services to device manufacturers across automotive, medical, and smart home verticals.

Ownership category

akta.pro rank

Product category

IoT Security

NAICS

Security Systems Services (except Locksmiths) (561621), Computer Systems Design and Related Services (54151), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518210)

SIC

Services-Computer Programming Services (7371), Services-Computer Integrated Systems Design (7373)

akta.pro primary industry

Key Management, Encryption & Secrets Management (KMS/HSM/Vault) (HDABAHAG)

akta.pro secondary industries

Secure Configuration, Firmware/Software Update & Patch Management (HSAHAJAD), OT/ICS & Critical Infrastructure Cybersecurity Services (BPAKAHAN), Wi‑Fi IoT & Device Onboarding/Provisioning (802.1X, DPSK, MDM integrations) (HDAFACAL)

Keywords

• IoT security services
• Device lifecycle management
• Semiconductor security IP
• Secure firmware updates
• Cryptographic key management

Headquarters

HQ city

Cheseaux

HQ country

Switzerland

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Security Services: Professional services including security training workshops, design integration, evaluations, and certification services for IoT products.
2. SaaS/Subscription (keySTREAM): Subscription-based security platform providing continuous firmware monitoring and device lifecycle management.
3. Security IP Licensing: Licensing of security intellectual property to semiconductor manufacturers for integration into their SoC products.
4. Matter Certificates: Provision of Device Attestation Certificates and Matter Casting Certificates for smart home device manufacturers.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Kudelski IoT provides end-to-end IoT security services, systems, and solutions for connected device manufacturers, including its keySTREAM cloud platform for device identity, secure provisioning, and lifecycle management, Security IP integrated into System-on-Chip designs, secure FOTA firmware updates, in-field provisioning, and Matter Certificate Authority services. It also offers security-by-design services such as 3-day training workshops, threat assessments, security evaluations, certification (Alexa, AT&T, ANSSI CSPN), and continuous firmware monitoring across industries including semiconductors, automotive, medical devices, smart home, crypto wallets, and energy/utilities.

Product overview

Kudelski IoT provides a comprehensive IoT security portfolio organized into Services (Training, Security Architecture/Design Services, Security Evaluations, Security Certifications, Continuous Firmware Monitoring), Systems (Security IP, Secure FOTA, In-Field Provisioning, Matter Certificate Authority), and Solutions (Passive Keyless Access, Asset Tracking). The core platform is keySTREAM, which integrates robust device identity management with various hardware and software options. The company serves focus areas including Semiconductors (Security IP and KSE), Quantum Resistance (post-quantum cryptography), Medical Devices, Automotive Cybersecurity, Smart Home (Matter Certificates), and Crypto Wallet Security. Notable offerings include their Non-VID-Scoped Product Attestation Authority (PAA) role in the Matter ecosystem for Device Attestation Certificates (DACs), Secure FOTA for lifecycle device updates, and their accredited lab for AT&T, Alexa, and ANSSI certifications.

Differentiator

Problem solved

Functional benefit

Brands

• keySTREAM: IoT security system for device identity integration using hardware and software options.
• Kudelski IoT Labs
• RecovR

Products and services

• keySTREAM Cloud-based IoT security platform that integrates robust device identity and security management, providing secure provisioning, firmware updates, and lifecycle management for IoT devices throughout their entire operational life.
• Secure FOTA (Firmware Over-the-Air) Managed service for securely updating IoT devices over the air throughout their entire lifecycle, protecting devices from attack.
• In-Field Provisioning Zero-touch provisioning of IoT device security credentials when devices connect to end-user networks, automating security credential assignment.
• Security IP for SoC Secure IoT foundations for System on Chip (SoC) enabling secure IoT use cases through integrated hardware-level security IP.
• Quantum-Resistant Security IP (KSE) Quantum-resistant security IP integrating post-quantum cryptography algorithms to protect System-on-Chip products from emerging quantum computing threats, with remote update capability for cryptographic algorithms.
• IoT Security Training A 3-day hands-on workshop delivered by security experts that teaches product teams how to protect their IoT products.
• Security Architecture / IoT Security-by-Design Services Design integration services that integrate strong security into products from the design phase, including IoT Threat Assessment and security architecture design.
• IoT Security Evaluations Security evaluations identifying gaps in hardware and software with actionable recommendations to help customers achieve trusted security levels.
• IoT Security Certifications Security certification services delivered through the accredited Kudelski IoT Labs, including AT&T, Alexa Voice Services, and ANSSI CSPN certifications.
• Continuous IoT Firmware Monitoring Continuous monitoring service providing daily firmware scans and actionable threat updates for specific IoT devices.
• Matter Certificate Authority (PAA/PAI) PKI-as-a-service enabling companies to obtain scalable access to Device Attestation Certificates (DACs) for joining the Matter ecosystem with confidence and ease.
• Matter Casting Certificates Service for obtaining Matter Casting Certificates required for media casting functionality in Matter-compliant devices.
• Passive Keyless Access (PKA) End-to-end passive keyless access solution for automotive applications, enabling secure vehicle access (including secure vehicle sharing/subscription use cases).
• Asset Tracking End-to-end asset tracking solution for monitoring and securing valuable assets across IoT deployments.

Quantifiable outcome

• Canoo achieved secure vehicle sharing capability with flexible access solution

Named customers3 records

Segments6 records

Ideal customer profiles6 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Eight partnerships are on record, tiered core, flagship and minor.

• Microchip TechnologycoreStrategic or Co-development Partner · 25 June 2025Microchip's TrustMANAGER platform enhancements leverage Kudelski IoT's keySTREAM SaaS to help IoT device manufacturers comply with EU Cyber Resilience Act and ISA/IEC 62443 security standards. Kudelski provides the underlying security infrastructure for Microchip's secure code signing and FOTA update delivery capabilities.
• Axelera AIflagshipStrategic or Co-development Partner · 11 March 2025Partnership for next-generation edge intelligent ecosystem combining Axelera AI's edge AI solutions with Kudelski IoT's security expertise to deliver secure, efficient, and trusted edge AI deployments.
• u-bloxcoreStrategic or Co-development Partner · 10 March 2025Collaboration to bring advanced security to autonomous driving, drones, and agricultural applications, combining u-blox's positioning and wireless modules with Kudelski's security technologies.
• PUFsecuritycoreTechnology or Integration · 3 December 2024Partnership combining IoT security strengths to meet challenges of increasing global regulation, integrating PUFsecurity's Physical Unclonable Function technology with Kudelski's security ecosystem.
• CSA (Connectivity Standards Alliance)coreOthersActive participation in CSA for Matter smart home standard development. Kudelski IoT is a Non-VID-Scoped PAA (Product Attestation Authority) within the Matter ecosystem.
• NIST (National Institute of Standards and Technology)coreOthersActive participation in NIST IoT Devices best practices and security standards initiatives.
• Post Quantum Cryptography AlliancecoreOthersActive participation in development and adoption of post-quantum cryptography standards and solutions.
• DLMS (Device Language Message Specification)minorOthersParticipation in DLMS association for smart metering standards backed by EU and major smart metering companies.

Scale indicators2 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Sequitur Labs: Provides security IP for SoC/edge devices including key management, secure boot, and lifecycle firmware updates — directly comparable to Kudelski's Security IP and keySTREAM stack for semiconductor manufacturers.
• WISeKey: Swiss semiconductor and IoT security company offering secure semiconductors, PKI, and managed device identity services, closely mirroring Kudelski IoT's combined IP-plus-PKI business model.
• Keyfactor: Machine identity management and PKI platform used heavily in IoT and connected device ecosystems; competes directly with keySTREAM for certificate lifecycle and secure provisioning workloads.
• Infineon Technologies: Major semiconductor vendor with security controllers, OPTIGA Trust chips, and security IP for IoT, closely aligned with Kudelski IoT's semiconductor customer base and integrated security IP pitch.
• GlobalSign: Certificate authority with a dedicated IoT device identity and PKI business, directly competing with Kudelski's Matter device attestation and secure provisioning certificates.
• Sectigo: Certificate authority offering IoT device identity and PKI, with similar Matter/connected-device positioning to Kudelski IoT's certificate authority services.

Broad incumbents

• DigiCert: Large incumbent PKI and digital certificate authority with IoT/device identity offerings, overlapping Kudelski's Matter Certificate Authority and broader key management stack.
• Arm (Pelion, TrustZone, CryptoCell): Dominant IoT/compute IP provider whose security offerings (TrustZone, CryptoCell, Pelion device management) overlap with Kudelski's Security IP for SoC and keySTREAM lifecycle platform.
• Thales (Cyber Digital, SafeNet, IoT): Global cybersecurity incumbent with IoT device ID, HSM-based key management, and secure connectivity offerings that overlap Kudelski IoT's enterprise security services and keySTREAM capabilities.
• NXP Semiconductors: Provides secure elements, EdgeLock, and secure connectivity solutions for automotive and IoT — comparable to Kudelski's semiconductor security IP/SoC foundations and automotive customers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/KudelskiIoT

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Kudelski IoT