—We are at the dawn of a hyper connectivity age otherwise known as the Internet of Things (IoT). It is widely accepted that to be able to reap all benefits from the IoT promise, device security will be of paramount importance. A key requirement for most security solutions is the ability to provide secure cryptographic key storage in a way that will easily scale in the IoT age. In this paper, we focus on providing such a solution based on Physical Unclonable Functions (PUFs). To this end, we focus on microelectromechanical systems (MEMS)-based gyroscopes and show via wafer-level measurements and simulations, that it is feasible to use the physical and electrical properties of these sensors for cryptographic key generation. After identifying the most promising features, we propose a novel quantization scheme to extract bit strings from the MEMS analog measurements. We provide upper and lower bounds for the minimum entropy of the bit strings derived from the measurements and fully anal...