Phaistos Investment Fund invests in the cybersecurity technology company SPHYNX
“Phaistos” Investment Fund continues to invest in cutting-edge technology companies and enters in the field of cybersecurity, by participating in technology company SPHYNX. SPHYNX, which has launched its activity in Switzerland and Cyprus a few years ago, founded by a Greek entrepreneur, now has its headquarters in Greece (SPHYNX Hellas SA). The placement applied in the Greek parent company under the form of co-investment alongside with an international investor and constitutes a significant addition to Phaistos investment portfolio as enters into a market with significant growth.
SPHYNX is internationally recognized for its advanced cybersecurity solutions, with substantial participation in high-ranking European competitive research and R&D projects totaling €25 million. Furthermore, SPHYNX possesses a strong, cohesive and competitive engineering team distinguished for the quality and effectiveness of their cutting-edge technology solutions.
Through a comprehensive Cybersecurity toolkit, SPHYNX supports the monitoring, assessment, and management of infrastructure, applications, data, and processes. Additionally, the company specializes in securing emerging 5G networks, both public and private, the security of which constitutes a field of particular global interest.
The product suite of SPHYNX excels in features and functionality compared to the competitive tools provided until today, with the main advantage being the platform’s ability to adapt or integrate even into existing infrastructures and solutions.
The product suite will operate under a unified platform and will be available on the market through two main services. The first is the Managed Security Service Center (MSS/SOC), which will include all possible security services, advisory services, threat mitigation, and the maintenance of the integrity of technological infrastructure and applications. The second service is the Cyber Range and Certification service (CRC), where the core will be the provision of substantial education and certification in cybersecurity for individuals and businesses, disseminating knowledge and thus contributing to better risk prevention and management.
The new funding resources will be allocated to the company’s commercial operations as well as the integration of new products and tools into the unified service delivery platform.
About 5G Ventures S.A. and Phaistos Investment Fund
5G Ventures S.A., a Hellenic Corporation of Assets and Participations subsidiary, manages Phaistos Investment Fund and signals an innovative approach in supporting a thriving 5G ecosystem in Greece. Phaistos Fund supports enterprises that develop 5G-related products & services and is an effective bridge between State & Private investments, as it brings together the best elements of the two sectors. Phaistos offers unique opportunities and, through its focus on 5G market, Phaistos is best positioned to produce remarkable returns as well as national economic growth. More information about 5G Ventures and Phaistos Fund are available on www.5gventures.gr website, LinkedIn (www.linkedin.com/company/5gventures/), Twitter (twitter.com/5GVenturesSA) and SPHYNX https://www.sphynx.ch/