Mycroft Raises $3.5 Million for AI-Powered Security and Compliance Platform
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Mycroft Raises $3.5 Million for AI-Powered Security and Compliance Platform
"Mycroft has raised $3.5 million in seed funding in a round led by Luge Capital, with participation from Brightspark Ventures, Graphite Ventures, Ripple Ventures, Developer Capital, Antler, BoxOne Ventures, and angel investors. The company has developed a platform that acts as an AI Security and Compliance Officer, providing cloud security, application security, device management, automatic remediation, and audit and compliance capabilities. The platform is advertised as a solution that provides enterprise-grade security and compliance to startups and SMBs."
""Security shouldn't be a burden. It should be a superpower," said Mike Kim, co-founder and CEO of Mycroft. "Our goal is to give every company access to enterprise-grade security without needing a massive security team. Mycroft's AI agents don't just automate tasks, they elevate the way teams operate, helping them move faster and stay protected from day one.""
Mycroft is a Toronto-based company offering autonomous AI agents to manage security and IT operations. The platform functions as an AI Security and Compliance Officer with cloud security, application security, device management, automatic remediation, and audit and compliance capabilities. The product targets startups and SMBs and aims to deliver enterprise-grade security without large security teams. Mycroft raised $3.5 million in seed funding led by Luge Capital to accelerate product development and expand operations. The company attracted more than 50 customers within six months of launch. The platform automates tasks and aims to help teams move faster while maintaining protection from day one.
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