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”
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 the first edition of the European Cybersecurity STARtup Award. Given the global IoT security challenge that exists today, the Jury found PHYSEC’s technological approach highly compelling and innovative in addressing 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”
Carlos Moreira da Silva, Investment Director at Sonae IM & co-Chair of ECSO Working Group 2.2 “Investments and innovative business models”.
