Phalanx AI, a pioneering cybersecurity company, has been honoured with the Catalyst Grant from the Arlington Innovation Fund (AIF), a recognition facilitated by Arlington Economic Development (AED).
Amid a competitive selection process that attracted a plethora of ambitious contenders, Phalanx emerged as a standout for its innovative approach to tackling cybersecurity challenges. It is one of five Arlington-based startups to receive a share of the $225,000 allocated in this funding round, part of AED’s wider strategy to spur economic growth and innovation within the local tech-entrepreneur ecosystem.
Phalanx’s mission revolves around transforming how businesses and organisations safeguard their digital assets against the constantly evolving landscape of cyber threats. With the Catalyst Grant, Phalanx AI plans to expedite its growth efforts and refine its proprietary technology, aiming to deliver more comprehensive and adaptable security solutions.
Phalanx CEO & Co-founder Ian Garrett expressed, “Our selection as a Catalyst Grant recipient is a testament to the hard work and dedication of our team. This funding will significantly bolster our capacity to innovate and implement cutting-edge cybersecurity technologies. We are proud to be part of Arlington’s vibrant tech community and are committed to contributing to its reputation as a leading technology hub.”
Keep up with all the latest FinTech news here
Copyright © 2024 FinTech Global