Phosphorus Secures $27 Million in Series A2 Funding Led by Evolution Equity Partners to Enhance xIoT Security Solutions

On December 20, 2023, Phosphorus Cybersecurity Inc., a front-runner in the xTended Internet of Things (xIoT) security sector, proudly announced the successful closure of a $27 million Series A2 investment round. The financing was spearheaded by Evolution Equity Partners, a firm known for its strategic involvement in innovative cybersecurity companies. This substantial funding underscores the industry's recognition of Phosphorus's pivotal role in securing xIoT infrastructure and devices, and it fuels the company's ongoing mission to deliver unparalleled protection for increasingly interconnected ecosystems.

New Funding to Propel Advancements in xIoT Security

The financial influx from the Series A2 will be channeled towards expanding Phosphorus's research and development endeavors, accelerating product enhancements, and scaling its market presence. As the xIoT landscape continues to burgeon, encompassing everything from industrial, healthcare to consumer devices, Phosphorus's commitment to security is vital. With its innovative platform providing thorough visibility, control, and security for all xIoT devices, clients gain assurance in the face of mounting cyber threats.

Phosphorus's Market Trajectory and Strategic Vision

Phosphorus has swiftly ascended as a pioneering force in the cybersecurity ecosystem, especially within the domain of xIoT security. The Series A2 round is a testament to the venture capital community's confidence in Phosphorus's strategic vision and its ability to execute on that vision. Evolution Equity Partners joins a roster of astute investors who are convinced that Phosphorus's approach to xIoT security is not only necessary but critical for the future of secure enterprise operations and the safeguarding of sensitive data across vast networks of devices.

Phosphorus, Cybersecurity, Funding