Neva Sgr, the venture capital arm of Intesa Sanpaolo, has invested in Phosphorus Cybersecurity to boost its growth in xIoT security. This investment will help Phosphorus enhance intelligent automation and expand operations to Italy. Phosphorus aims to secure and manage the growing xIoT landscape, with over 60 billion devices worldwide. The company plans to evolve from intelligent automation to full autonomy in device management.

Intesa Sanpaolo SpA: * NEVA SGR FINALIZES INVESTMENT IN PHOSPHORUS CYBERSECURITY * PHOSPHORUS CYBERSECURITY IS A U.S. SECURITY AND DEVICE MANAGEMENT COMPANY FOR EXTENDED...

NASHVILLE, Tenn., Nov. 11, 2024 /PRNewswire/ -- Phosphorus Cybersecurity Inc., the leading provider of unified, prevention-based security management for the xTended Internet of Things (xIoT), announced today that CRN®, a brand of The Channel Company, has included Phosphorus on its 2024 Stellar Startups list in the Internet of Things (IoT) category. This prestigious list highlights fast-rising technology vendors that are driving innovation and fostering growth in the IT channel with groundbreaking products. Companies recognized as Stellar Startups must be six years old or younger, and they are selected across categories that include artificial intelligence/machine learning (AI/ML), big data, business applications, cloud, data center, Internet of Things (IoT), networking/unified communications, security, and storage. Phosphorus provides the industry's only proactive Cyber-Physical System (CPS) Protection Platform to secure and manage the expanding IoT, OT, and IoMT attack surface, and automate the mitigation and remediation of the biggest CPS vulnerabilities. Its Unified xIoT Security Management Platform is the only proactive xIoT discovery and remediation solution, delivering safe, fast, and accurate discovery and assessment of all IoT, OT, and IoMT devices, while enabling automated hardening and remediation at scale – all without agents, hardware, or hassles