What is Phylum?
Phylum offers a powerful, automated software supply chain risk analysis platform designed to protect organizations, defend developers, and enable secure innovation. The company's solution analyzes open-source packages immediately upon publication to identify risks and enables policy-driven automation for managing these threats. 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 into CI/CD systems, such as Github and Gitlab, provides complete supply chain coverage, allowing for the proactive blocking of dangerous or illegitimate open-source packages. In 2022 alone, Phylum's analysis identified thousands of new malicious packages and supply chain risks, contributing to a significant improvement in 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
First In
First In is an early-stage investment firm focused on cybersecurity, defense, and data companies, primarily at the seed stage. They empower entrepreneurs who are dedicated to enhancing security technology, which they view as essential regardless of economic conditions.
Verissimo Ventures
Verissimo Ventures is a pre-seed and seed venture fund focused on investments in the US and Israel. The firm aims to support early-stage startups by providing resources and insights through their podcast and other platforms.
Atlassian
Atlassian Corporation Plc is an Australian-American software company that provides collaboration, development, and issue-tracking software for teams. The company develops and provides tools for project management, software development, and IT service management.
What's next for Phylum?
With its recent major strategic investment, Phylum is poised for accelerated growth and enhanced product development. The company's focus on addressing the escalating risks within the software supply chain positions it as a key player in the cybersecurity landscape. Future initiatives will likely involve expanding language support, deepening integrations with development workflows, and further developing its policy-driven automation capabilities. This strategic financing will empower Phylum to scale its operations, enhance its threat intelligence, and solidify its market position as a leader in automated software supply chain security, ultimately enabling more organizations to innovate securely.
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