NEVA SGR INVESTS IN PHOSPHORUS CYBERSECURITY,

LEADER IN SECURITY FOR THE INTERNET OF THINGS

●         With Neva Sgr's investment, Phosphorus Cybersecurity is set to accelerate the growth and enhancement of intelligent automation in extended Internet of Things (xIoT) security and extend its business area.

●         Mario Costantini: “Investing in xIoT Cybersecurity is more necessary than ever, given the rapid growth of connected devices in key sectors such as healthcare and manufacturing”.

●         Chris Rouland: “We are witnessing one of the most profound technological transformations in human history, driven by the increasingly pronounced convergence of xIoT, AI, and cybersecurity"

Turin (Piedmont, Italy) / Nashville (Tennessee, USA), 28 April 2025 - Neva Sgr, venture capital arm of the Intesa Sanpaolo Bank Group - the first bank group in Italy - and wholly owned by the Intesa Sanpaolo Innovation Center, through its Neva II Fund and Neva II Italia Fund has closed on an investment in Phosphorus Cybersecurity Inc, the leading global provider of security and device management for the extended Internet of Things (xIoT), the network of connected devices, equipment and machinery that exchange data with each other and with other systems.

Phosphorus facilitates the remote management of millions of connected devices, enabling customers to automate remediation tasks — like password rotations, configuration updates, and firmware upgrades — across their diverse footprints to reduce the risk of device compromise at scale. The company envisions a future with autonomous xIoT operations, where devices are autonomously secured, managed, and operated without manual intervention, and is building the foundation to help realise this vision.

Phosphorus Cybersecurity works with some of the largest companies globally operating in sectors such as healthcare, hospitality, pharmaceuticals, data centres and manufacturing. The company closed last year with record growth, driven by increasing demand for automated xIoT security and management. In 2024 alone, the company more than doubled the number of devices under management and is on pace to triple that footprint by year’s end, thanks to the evolution of its patented Genus-Species approach, which enables the platform to interact directly and securely with more than 1 million different device models. Today, there are more than 60 billion xIoT devices worldwide, equivalent to more than five times the traditional IT assets such as PCs and servers, and they are expected to grow by 20% per year, compared to 3-5% for IT.

Thanks to Neva Sgr's investment, Phosphorus Cybersecurity is set to accelerate the growth and improvement of intelligent automation in xIoT security and extend its area of operations to Italy, thanks to the Intesa Sanpaolo Group's network of relationships.

“Investing in xIoT Cybersecurity is more necessary than ever, given the rapid growth of connected devices in key sectors such as healthcare and manufacturing” - says Mario Costantini, CEO and General Manager of Neva Sgr. "We chose Phosphorus because of its distinctive technology and innovative approach. Leveraging Neva SGR's extensive European network and strategic resources, we look forward to actively supporting Phosphorus’s international growth and market success”.

“We are witnessing one of the most profound technological transformations in human history, driven by the increasingly pronounced convergence of xIoT, AI, and cybersecurity" - says Chris Rouland, CEO of Phosphorus Cybersecurity. "Eight years ago, we recognized the xIoT security hygiene problem and set out to tackle it at scale. We started by building a platform to address fundamental issues such as weak passwords, insecure configurations, and vulnerable firmware in xIoT. Today, we are laying the groundwork to evolve from intelligent automation to full autonomy".

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Media Relations

Intesa Sanpaolo

Corporate & Investment Banking and Governance Areas

stampa@intesasanpaolo.com

www.intesasanpaolo.com/it/news