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About Phosphorus
Industries
Cybersecurity
Company Size
51-200
Company Stage
Series A
Total Funding
$68.1M
Headquarters
Nashville, Tennessee
Founded
2017
Overview
Phosphorus.io focuses on securing Internet of Things (IoT) devices, addressing vulnerabilities that hackers often exploit, such as unpatched firmware and default credentials. Their main product offers a user-friendly solution for Chief Security Officers (CSOs) to protect against IoT breaches, featuring one-button synchronization for easy management of multiple devices. Unlike competitors, Phosphorus.io targets a wide range of industries, including retail, media, manufacturing, and healthcare, which face unique security challenges due to their extensive use of IoT devices. The company's goal is to provide continuous protection through subscription-based services, ensuring that clients are safeguarded against evolving threats in the rapidly growing IoT security market.
Simplify's Take
What believers are saying
- Phosphorus raised $27 million for R&D, indicating strong investor confidence and growth potential.
- Strategic partnerships, like with Doosan, expand their market reach and strengthen OT security.
- Recognition as a CRN® 2024 Stellar Startup highlights their innovation and industry impact.
What critics are saying
- Increased competition from companies like Keyfactor could challenge Phosphorus's market position.
- Rapid demand growth may strain Phosphorus's resources and operational capacity.
- Integration challenges in partnerships, like with Doosan, could impact solution delivery.
What makes Phosphorus unique
- Phosphorus offers a unique proactive Cyber-Physical System Protection Platform for xIoT security.
- Their platform automates remediation of IoT vulnerabilities like outdated firmware and default credentials.
- Phosphorus provides agentless, software-based solutions, simplifying deployment across diverse industries.
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Funding
Total Funding
$68.1M
Above
Industry Average
Funded Over
2 Rounds
Industry standards
Benefits
Remote Work Options
Growth & Insights and Company News
6 month growth
↑ 10%1 year growth
↑ 8%2 year growth
↑ 7%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
Integral to its expansion, Phosphorus has appointed Brett Raphael, Senior Vice President of APJ, and Alex Nehmy, Regional CTO.
Nashville-based Internet of Things company Phosphorus Cybersecurity Inc. announced Thursday the appointment of Mike Sullivan as president of worldwide field operations.
Phosphorus Cybersecurity Inc., an Internet of things security startup, has announced that it has raised an additional $27 million to further develop and market its Cyber-Physical Systems Protection Platform and conduct research and development.
Loading. Loading...NASHVILLE, Tenn., Dec. 20, 2023 (GLOBE NEWSWIRE) -- NASHVILLE, TENN. – Phosphorus Cybersecurity Inc., the leading provider of unified security and device management for the xTended Internet of Things (xIoT), today announced that it has raised an additional $27 million in Series A2 funding led by Evolution Equity Partners. Evolution's investment arrives following a series of industry-leading innovations recently unveiled by Phosphorus which solidify its hold in creating an entirely new category of Unified xIoT Security Management. The additional capital will enable Phosphorus to further expand its R&D and go-to-market initiatives to meet the growing demand for its award-winning Cyber-Physical Systems (CPS) Protection Platform that proactively and safely reduces the risk of compromise for IoT, OT, IIoT, and IoMT device estates."This has been a strong year for the company, as enterprise demand to discover, secure, and manage xIoT devices continues to grow, and we are honored to have the support of a leading venture capital firm like Evolution Equity Partners as we prepare for an even more robust growth cycle next year," said Chris Rouland, CEO of Phosphorus
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About Phosphorus
Industries
Cybersecurity
Company Size
51-200
Company Stage
Series A
Total Funding
$68.1M
Headquarters
Nashville, Tennessee
Founded
2017
Phosphorus is Hiring for 0 Jobs on Simplify!
Find jobs on Simplify and start your career today