Phosphorus

Phosphorus

Provides subscription-based IoT security for devices

Overview

Phosphorus.io provides subscription-based cybersecurity services that protect IoT devices for large enterprises. Its platform guards against common IoT weaknesses such as unpatched firmware, default credentials, and backdoors, and includes a one-button synchronization that enables rapid onboarding of thousands of devices. Enterprises subscribe to ongoing monitoring, threat intelligence, and automatic updates to keep devices secured across sectors like retail, media, manufacturing, healthcare, and data centers. The goal is to reduce IoT breach risk by delivering scalable, continuously maintained security for extensive device fleets.

About Phosphorus

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

Industries

Enterprise Software

Cybersecurity

Company Size

51-200

Company Stage

Series A

Total Funding

$70M

Headquarters

Nashville, Tennessee

Founded

2017

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Simplify's Take

What believers are saying

  • Dragos acquisition validates enterprise demand for connected-device security.
  • Autonomous remediation reduces manual workload across critical infrastructure and hospitals.
  • Transparent per-device pricing improves sales clarity versus opaque platform alternatives.

What critics are saying

  • Dragos integration absorbs Phosphorus into a larger OT platform.
  • Platform vendors can bundle device security, weakening standalone pricing power.
  • Automated remediation errors on critical devices can halt deployments and damage trust.

What makes Phosphorus unique

  • Agentless xIoT discovery reaches IoT, OT, IoMT, and IIoT devices.
  • Automated remediation covers credentials, firmware, certificates, and configuration hardening.
  • Phosphorus communicates with millions of device models across 600-plus vendors.

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Funding

Total Funding

$70M

Above

Industry Average

Funded Over

3 Rounds

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
$27M
Phosphorus
$30M
Kalshi

Benefits

Remote Work Options

Growth & Insights and Company News

Headcount

6 month growth

-5%

1 year growth

-7%

2 year growth

-1%
AbstractCore
Jun 1st, 2026
Dragos enhances xOT security with Phosphorus acquisition.

Dragos enhances xOT security with Phosphorus acquisition. On: June 1, 2026 Dragos announced it has acquired Phosphorus, extending the Dragos Platform to protect the billions of connected devices embedded across critical infrastructure and other operational networks. Operational environments have outgrown traditional OT boundaries. Power grids, pipelines, manufacturing facilities, and data centers now depend on an increasingly diverse mix of connected devices and digital systems. Traditional and non-traditional assets alike are woven throughout their operational environments. This expanded environment - OT systems and the billions of connected devices that have reshaped how critical infrastructure operates - is the Extended Operational Technology environment, or xOT. Adversaries are already operating across it. Defenders need a broader scope of visibility, intelligence, and control to defend it. Dragos's acquisition of Phosphorus reflects a deliberate strategy to protect the full operational environment as it exists and operates today. Dragos offers the industry's most comprehensive OT cybersecurity platform. Adding Phosphorus extends Dragos capabilities to secure connected devices across the full xOT environment, delivering deeper device visibility, automated remediation, and continuous risk reduction. "The connected devices you find everywhere in critical infrastructure are largely invisible to the cybersecurity programs that protect operational environments," said Robert M. Lee, CEO and Co-Founder of Dragos. "With Phosphorus, we close that gap and secure xOT, the full environment that matters." "We built Phosphorus to solve the connected device problem - the unmanaged devices, the default credentials, the firmware no one was updating. Together with Dragos, we can solve it with a depth and scale that wasn't possible before. That's what the next generation of OT cybersecurity looks like," said Sonu Shankar, President and COO of Phosphorus. Phosphorus offers the industry's most comprehensive discovery and remediation platform for connected devices, which integrates with customers' existing infrastructure without requiring disruptive architectural changes. The platform actively discovers and provides deep visibility into devices across OT and enterprise environments, delivering detailed risk context and continuous situational awareness across the extended device landscape. Phosphorus automates remediation workflows, including password rotations, firmware updates, certificate management, and configuration hardening, while helping organizations address compliance and reduce risk at scale. Dragos customers will gain expanded asset visibility and integrated device intelligence in the near term, with automated remediation workflows and a unified platform experience to follow. Phosphorus customers will continue to be fully supported, with expanded access to Dragos offerings as integration progresses. Sonu Shankar will continue to lead the Phosphorus business as a General Manager within Dragos, through a structured, phased integration. With the addition of Phosphorus, Dragos estimates its total addressable market opportunity at more than $50 billion. The acquisition builds on Dragos's October 2024 acquisition of Network Perception, which added expanded OT network visibility, segmentation validation, and compliance to the Dragos platform. Where Network Perception maps and secures the network architecture, Phosphorus secures the devices running on it. 2026-06-01

Phosphorus
Sep 4th, 2025
Phosphorus Names Brett Raphael as Chief Revenue Officer

NASHVILLE, TN - September 4, 2025 - Phosphorus, the leading provider of proactive security and management for the extended Internet of Things (xIoT), today announced the promotion of Brett Raphael to the position of Chief Revenue Officer (CRO).

WVNEWS
Aug 25th, 2025
Phosphorus Appoints Sonu Shankar as President and COO to Accelerate Autonomous xIoT Operations Vision

Phosphorus appoints Sonu Shankar as President and COO to accelerate Autonomous xIoT operations vision.

MarketScreener
Apr 28th, 2025
Neva Sgr Invests in Phosphorus Cybersecurity

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.

Surperformance
Apr 28th, 2025
Intesa Sanpaolo Says Neva Sgr Invests In Phosphorus Cybersecurity

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

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