Chris Rouland

Chris Rouland

Less than a year after relocating its firm’s headquarters from Georgia and California to the Gulch, cybersecurity company Phosphorus has raised $38 million — $18 million more than they originally sought out to raise — in a Series A round of funding. The round was led by SYN Ventures and MassMutual Ventures, according to a release.

Phosphorus will use the newly injected capital to develop further its software platforms and grow its team. The company has plans to hire 50 more employees by 2024.