PHYSEC Crowned Winner of ECSO’s European Cybersecurity STARtup Award
Congratulations to all the nominees
On the 2nd February after going head-to-head
with seven other leading European cybersecurity startups, Germany-based PHYSEC was
named the winner of ECSO’s European Cybersecurity STARtup Award by an
independent jury, consisting of renowned European cybersecurity experts.
"Being nominated to the European Cybersecurity STARtup Award final competition was already a really big thing for our entire team. Competing with other excellent cybersecurity companies and being recognised at the European level is a huge appreciation of our 5-year work and a strong recognition of our product to secure IoT/OT devices," said Christian Zenger, Co-founder, and CEO of PHYSEC, after receiving the Award.
Eight finalists had been selected from Cyber Investor
Days hosted across the previous year by European Cyber Security Organisation (ECSO)
and its partners, including Brittany Region and its Pôle d’Excellence Cyber,
eurobits e.V., secunet Security Networks AG, Saint-Quentin-en-Yvelines,
SECURITYMADEIN.LU, Sopra Steria, Systematic Paris-Region and Alliance pour la
Confiance Numérique (ACN).
The final event saw intense competition through a series
of pitches performed by eight finalists – Yogosha,
HarfangLab, 4Securitas, MADANA,
Kymatio, BYSTAMP,
GLIMPS and PHYSEC.
The high-level award jury ultimately decided that PHYSEC should
be the winner on the basis of their scalable, disruptive and innovative
solution, growth-oriented business plan, go-to-market strategy, business model,
use of proceeds, team profile, and pitch performance.
“I’m very glad to represent the
strong support of the Jury for nominating PHYSEC as the winner of 1st
edition of the European Cybersecurity STARtup Award. Given the global IoT
security challenge that exists today, the Jury found PHYSEC technological
approach very interesting and innovative to address this real structural
problem and respective market opportunity. Congratulations to all the team at
PHYSEC and the best wishes on pursuing the ambitious growth plan ahead,” said Carlos
Moreira da Silva, Investment Director at Sonae IM & co-Chair
of ECSO Working Group on “Investments and innovative business models”.
An Ambitious Agenda
The European Cybersecurity STARtup Award was created to
increase the awareness and visibility of state-of-the-art cybersecurity
companies in Europe, both at the European and the global levels. A robust
European cybersecurity industry means a better protected digital Europe.
However, European cybersecurity solution providers
(particularly smaller companies) have often struggled for visibility in a
fragmented European market. ECSO envisages therefore that this initiative will
thus increase the European cybersecurity posture across citizens, businesses, and society, by increasing the prevalence of European uptake of European
solutions.
“At ECSO we believe it is very important to give visibility to the best of aspiring European cybersecurity companies to help them achieve their full potential. That’s why we created the European Cybersecurity STARtup Award to find and showcase Europe’s most innovative cybersecurity startups. We congratulate PHYSEC on beating the competition to win this prestigious award,” said Luigi Rebuffi, Secretary-General of ECSO.
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