Smallstep

Smallstep

Automates device identity & certificate management

Overview

Smallstep builds a device identity platform that automates certificate management to secure distributed systems. Its platform helps dev, security, and operations teams manage and rotate certificates for devices and services, covering Wi‑Fi networks, VPNs, Zero Trust Network Access, SaaS apps, and cloud APIs. It uses hardware-bound credentials instead of passwords or purely software certificates to strengthen authentication, making it harder for attackers to impersonate devices. The company also contributes to security standards, such as ACME Device Attestation, through collaborations with large tech players. The business model charges based on the number of protected devices, enabling revenue growth as customers scale. The goal is to improve infrastructure security and authentication across modern networks by simplifying certificate management and ensuring strong device identity across diverse environments.

About Smallstep

Simplify's Rating
Why Smallstep is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Enterprise Software

Cybersecurity

Company Size

11-50

Company Stage

Seed

Total Funding

$33M

Headquarters

San Francisco, California

Founded

2016

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Simplify's Take

What believers are saying

  • Fleet partnership integrates device identity across macOS to ChromeOS fleets.
  • $26M funding from StepStone, Accel fuels zero trust expansion.
  • Freemium SaaS scales revenue with device-protected growth.

What critics are saying

  • Google's Chrome Enterprise ACME DA bypasses Smallstep within 6-12 months.
  • AWS Certificate Manager undercuts pricing, migrates customers in 6-12 months.
  • Step-CA forks by Fortune 100 commoditize core tech in 12-24 months.

What makes Smallstep unique

  • Smallstep co-developed ACME Device Attestation with Google at IETF.
  • Hardware-bound credentials secure Wi-Fi, VPNs, ZTNA, and SaaS apps.
  • Open-source Step-CA adopted by 78% of Fortune 100 companies.

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Funding

Total Funding

$33M

Above

Industry Average

Funded Over

3 Rounds

Notable Investors:
Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.
Series A Funding Comparison
Above Average

Industry standards

$15M
$8.2M
Discord
$15M
Canva
$19M
Smallstep
$30M
Kalshi

Benefits

Flexible Work Hours

Remote Work Options

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

3%

2 year growth

3%
Yahoo Finance
Mar 10th, 2026
Smallstep and Fleet partner to extend hardware-backed device identity across modern fleets

Smallstep and Fleet Device Management have announced a partnership to integrate hardware-backed device identity across enterprise fleets. The collaboration enables organisations to verify device trust and compliance before granting access to corporate resources using automated certificate-based workflows. Fleet, an open-source device management platform trusted by over 1,300 organisations, supports macOS, iOS, Android, Windows, Linux and ChromeOS. Smallstep adds hardware-backed device identity using ACME Device Attestation, enabling trusted device enrollment workflows with non-exportable credentials for secure access to Wi-Fi, VPN and internal services. The integration allows organisations to verify devices with attested enrollment, enforce dynamic access policies combining Fleet posture signals with Smallstep-issued certificates, and secure automation using short-lived, device-bound credentials. The solution addresses security gaps, particularly with Linux devices, whilst maintaining compatibility with open standards.

Castle Placement
Dec 18th, 2024
Top 10 Cybersecurity Capital Raises in the U.S. - December 1st-15th, 2024

Smallstep, developer of a suite of infrastructure components and operational tools designed to build and maintain zero trust systems, raised $100,000 of venture funding in the form of SAFE Notes.

Business Wire
May 1st, 2024
Fortune 100 Companies Increasingly Turning To Smallstep'S Open Source Software

SAN FRANCISCO--(BUSINESS WIRE)--Smallstep Labs, a pioneer in streamlining secure device identity and champion of the Zero Trust approach to security, unveiled market data that shows an impressive 78% of the Fortune 100 companies actively engage with Smallstep's open source software. Using Scarf's sophisticated analytics, Smallstep has been able to track the metrics and usage of their open source software to gain valuable insights. This key discovery reaffirms Smallstep's vision to provide frictionless secure connections for individuals, devices, and software services, making best practices accessible to every organization. The finding also amplifies Smallstep's achievements of building trustworthy connections between individuals and business tools, thus supporting teams in enhancing their security profile regardless of their operating location. "Seeing the widespread adoption of our open source software and understanding its critical role in bolstering security for numerous Fortune 100 companies is a great affirmation of our mission," said Mike Malone, CEO, Smallstep Labs. "It underscores the value and real-world impact of our solutions.”

Business Wire
May 1st, 2024
Fortune 100 Companies Increasingly Turning To Smallsteps Open Source Software

SAN FRANCISCO--(BUSINESS WIRE)--Smallstep Labs, a pioneer in streamlining secure device identity and champion of the Zero Trust approach to security, unveiled market data that shows an impressive 78% of the Fortune 100 companies actively engage with Smallstep's open source software. Using Scarf's sophisticated analytics, Smallstep has been able to track the metrics and usage of their open source software to gain valuable insights. This key discovery reaffirms Smallstep's vision to provide frictionless secure connections for individuals, devices, and software services, making best practices accessible to every organization. The finding also amplifies Smallstep's achievements of building trustworthy connections between individuals and business tools, thus supporting teams in enhancing their security profile regardless of their operating location. "Seeing the widespread adoption of our open source software and understanding its critical role in bolstering security for numerous Fortune 100 companies is a great affirmation of our mission," said Mike Malone, CEO, Smallstep Labs. "It underscores the value and real-world impact of our solutions.”

Help Net Security
Apr 30th, 2022
Accel invests into Smallstep in $26M

Smallstep announced that it has raised $26 million in total funding including a seed round of $7M led by boldstart ventures with participation from Accel Partners, Bain Capital Ventures and Upside Partnership, and a Series A of $19 million led by StepStone Group with participation from existing investors.

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