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1st place at European Cyber Security STARtup Competition

PHYSEC Crowned Winner of ECSO’s European Cybersecurity STARtup Award

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 renown 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 2.2 ‘2 “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

Bochum 03.02.2021