Phosphorus Raises $27 Million Series A2 Financing Round Led by Evolution Equity Partners
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.
- 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.
- “Phosphorus is revolutionizing the xIoT security and management market with its advanced capabilities in discovering, securing, and managing a wide range of devices.” said J.R. Smith, Partner at Evolution Equity Partners.
- Phosphorus assists its customers in assessing more than 50 million new IPs each week, and that number continues to grow.