What is Phylum?
Phylum offers a robust, automated software supply chain risk analysis platform designed to protect organizations, empower developers, and foster secure innovation. The company's technology immediately analyzes open-source packages upon publication to detect and identify risks, enabling policy-driven automation for risk management. Phylum currently supports a wide array of programming languages including Javascript, Typescript, Python, Ruby, Java, .NET, Go, and Rust, with plans to expand its language support. Its seamless integration with CI/CD systems like Github and Gitlab allows for complete supply chain coverage, proactively blocking dangerous or illegitimate open-source packages. In 2022, Phylum's efforts led to the identification of thousands of new malicious packages and supply chain risks, significantly enhancing open-source software security and earning the company the inaugural BlackHat Innovation Spotlight award.
How much funding has Phylum raised?
Phylum has raised a total of $19.5M across 2 funding rounds:
Angel/Seed
$4.5M
Series A
$15M
Angel/Seed (2021): $4.5M with participation from First In and Verissimo Ventures
Series A (2022): $15M led by Atlassian and ClearSky
Key Investors in Phylum
Atlassian
Atlassian is a global software company providing collaboration, development, and issue-tracking tools for teams, including products like Jira, Confluence, Trello, and Bitbucket. They serve diverse industries and operate the Atlassian Marketplace for add-ons and extensions.
ClearSky
ClearSky specializes in advanced mobile operator solutions, focusing on network traffic management and congestion reduction with offerings like the Total Traffic Manager. They target mobile network operators and broadband providers to enhance subscriber satisfaction and operational efficiency.
First In
First In is an early-stage investment firm focused on cybersecurity, defense, and data companies, primarily at the seed stage, empowering entrepreneurs dedicated to enhancing security technology.
What's next for Phylum?
The substantial enterprise-level funding and recent strategic investment signal a strong market validation for Phylum's mission-critical technology. This capital is expected to accelerate Phylum's product development, enhance its market penetration, and further solidify its position as a leader in software supply chain security. The company is poised to expand its language support and deepen its integrations with development workflows, addressing the growing demand for proactive security measures in the face of increasingly sophisticated cyber threats. Phylum's focus on enabling secure innovation while defending developers positions it for significant growth in the cybersecurity sector.
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