# Phylum

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/phylum

- Industry: Software
- Headquarters: US
- Website: www.phylum.io
- Total disclosed funding: $20M
- Latest round: Series A (Jan 1, 2022)
- Investors on record: 8

## About

Phylum, Inc. is a US-based software company specializing in application security solutions, focusing on safeguarding software throughout its development lifecycle with advanced testing tools.Founded in 2020, Phylum, Inc. delivers software security solutions that ensure vulnerabilities in code are identified and remediated. The company is headquartered in the US and has successfully completed four deals, with a total of USD 15.000 mn raised to date. In January 2025, Phylum was acquired by Veracode, Inc., enhancing their overall platform and service offerings. The co-founders, Louis Lang and Pete Morgan, have contributed their expertise to create a robust security model for enterprises, with Aaron Bray serving as CEO.Phylum, Inc. provides a comprehensive suite of application security tools designed to secure software throughout its development lifecycle. Their offerings include Static Application Security Testing (SAST), Dynamic Application Security Testing (DAST), Software Composition Analysis (SCA), and penetration testing as a service (PTaaS). These tools are integrated into existing development environments, allowing for continuous security practices that benefit a diverse clientele across various industries, including financial services and healthcare.Phylum’s revenue model is based on subscription-based services, where clients access their application security tools. The company engages in B2B transactions, offering tailored solutions to enterprises with different service tiers that encompass both automated and manual assessments. These subscriptions are structured to provide ongoing support and updates, ensuring robust security practices for their clients.Phylum, Inc. aims to enhance its product offerings and expand into new markets following its acquisition by Veracode, Inc. The acquisition will bolster Veracode’s platform, and Phylum plans to release new security solutions over the coming year. Additionally, the company intends to target expanded operations in Europe and Asia-Pacific by the end of 2025, utilizing the recently raised funds to support these initiatives.

## Funding rounds

- Series A, Jan 1, 2022, $15M — TechOperators, ClearSky Advisors LLC, SixThirty, Atlassian Ventures, First In Capital
- Seed, Jun 23, 2021, $4.5M — TechOperators, First In Capital, Verissimo Ventures, General Advance, Area 51 Ventures
- Seed, Feb 15, 2020 — General Advance

## Investors

- General Advance (https://capitalatlas.ai/funds/general-advance) — Seed
- TechOperators (https://capitalatlas.ai/funds/techoperators) — Seed, Series A
- First In Capital (https://capitalatlas.ai/funds/first-in-capital) — Seed, Series A
- Verissimo Ventures (https://capitalatlas.ai/funds/verissimo-ventures) — Seed
- Area 51 Ventures (https://capitalatlas.ai/funds/area-51-ventures) — Seed
- ClearSky Advisors LLC — Series A
- SixThirty (https://capitalatlas.ai/funds/sixthirty) — Series A
- Atlassian Ventures (https://capitalatlas.ai/funds/atlassian-ventures) — Series A