Former PartnerStack leaders want to provide Saas Companies Companies Companies Security without overhead expenses.
Mycroft The co -founder and CEO Mike Kim claims that most software to ensure security and conformity of business in the market is either “too small” or “unnecessary”.
“You do not need a large team to have to receive corporate cybersecurity.”
With MyCroft, Kim and former colleagues from the PartnerStack Partners Partners platform, they united to create what he called the Goldlecks tool for companies that seek to stay safe and compatible with simpler and more economical.
The company based in Toronto is aimed at providing business software (B2B) software (B2B) startups (SAAS) “Safety of an enterprise without overhead costs” using agent artificial intelligence (AI). In an interview with Betakit, Kim said that Mycroft’s offer is the product “We want us to have” earlier.
Mycroft recently received $ 3.5 million to fulfill this vision, improve its product and bring it to more customers at the growth stage in sectors such as FinTech and HealthTechTech.
A comprehensive round, more and more vaccinated since June, led Luge CapitalWith the support of new investors Brightspark Ventures and graphite enterprises. Existing patrons Ripple VenturesCapital developer (Devcap), HornsAnd Boxone Ventures also participated. Kim refused to reveal the estimate of Mycroft.
Kim has been working in the field of security and compliance with requirements for more than ten years in consultants such as KPMG and EY, Toronto Buckucting Tech Form FreshbooksAnd PartnerStack, where he worked as an engineering manager in trust and platform.
He founded Mycroft in 2024, along with the head of the product and design, Jonathan Mendes (co -founder of PartnerStack) and engineering head Yana Jedrasik (first hire of Kim in Partnerstack). Other former PartnerStack employees joined the trio.
According to Kim, safety and conformity functions are often short and poorly budget. He said that this is especially true in fast -growing technological companies that focus their limited resources on the construction and sale of products. But he believes that they are important, especially for enterprises involved in confidential data or the desire to sell large companies or customers in highly regulated industries.
“Many startups and scaling, and even enterprises, to some extent, are compromised between speed and safety,” Kim said. “With Microft, we change it.”
Mycroft calls his agent solution of artificial intelligence “security and compliance” aimed at replacing scattered tools, manual work processes and processes controlled by electric tables. The company claims that in its proposal it can help enterprises autonomously monitor cloud infrastructure, safe devices, ensure compliance with policies, manage incidents and prepare audits.
In his statement, the general partner of Luge and the member of the Mycroft board Karim Gillani called the startup product “a teammate that every company needs to remain safe”.
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This round brings the total financing of Mycroft up to 4.7 million dollars. The United States, which includes $ 1.2 million. The United States in preliminary financing since September 2024, which is given through a simple agreement on the future capital. This round was headed by Ripple with support for DEVCAP and BOXONE.
From the moment Mycroft has already collected more than 50 customers, including Superwhisper, Covet, Unified.toIN IntentionalIN WiedOCSAnd weaving.
Mycroft has already used this initial financing to expand their team from 10 people to 15, and plans to add five more employees in the coming months to help fulfill their plans for the development and development of products.
Since technological companies seek to create more harmonious teams against the backdrop of difficult market conditions for the raise funds and the emergence of AI tools, Kim claimed that time is suitable for such a solution as MyCroft.
“You do not need a large team to have to receive corporate cybersecurity for a certain way,” he said.
The image function is provided by Mycroft.
