Phosphorus

Cybersecurity solutions for IoT devices

Nashville, Tennessee, United States

About Phosphorus

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 are particularly susceptible to IoT security challenges. The company operates on a subscription-based model, providing ongoing security services and updates. Their goal is to enhance the safety and integrity of business operations that rely on IoT technology.

Nashville, TennesseeHeadquarters
2017Year Founded
$68.1MTotal Funding
SERIES_ACompany Stage
CybersecurityIndustries
51-200Employees

Risks

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.

Differentiation

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Their platform automates remediation of IoT vulnerabilities like outdated firmware and default credentials.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.

Upsides

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.

Funding

Total raised$68.09 M
Latest valuation$190.00 M
StageSERIES_A
SEED
7/31/2017
$5
$25.00 M