Mycroft raises USD $3.5M for AI-powered CISO platform

Toronto's Mycroft has announced the close of a funding round totalling USD $3.5 million, which will be dedicated to accelerating product development and expanding the company's AI-powered security and compliance offerings.

Mycroft presents an AI-native platform designed to take on the responsibilities of a Security and Compliance Officer. The platform seeks to replace conventional, fragmented security tools, manual workflows, and spreadsheet-based methods with a single agentic AI solution. This virtual officer monitors cloud infrastructure, secures devices, enforces policies, manages incidents, and supports audit preparations from a single interface.

The company positions this solution as an alternative to traditional approaches, which are described as often bloated, expensive, and disconnected from actual business operations. Mycroft's platform is built on no-code AI agents tasked with handling a variety of security and compliance functions, which automatically adjust to different company environments.

"Security shouldn't be a burden. It should be a superpower. Our goal is to give every company access to enterprise-grade security without needing a massive 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," said Co-founder and Chief Executive Officer Mike Kim.

Mycroft was founded by a team of security professionals and technology builders with over 30 years of combined experience in the sector. The company's main product is the AI Security and Compliance Officer, an autonomous agent designed to manage a company's security and IT operations, from device management to preparing for audits such as SOC 2.

The funding round was led by Luge Capital, with additional investment from Brightspark Ventures and Graphite Ventures. Existing backers include Ripple Ventures, Developer Capital, Antler, and BoxOne Ventures.

According to Mycroft, the platform acts as a virtual Chief Information Security Officer (CISO), Governance, Risk, and Compliance (GRC) expert, and IT operations team combined into one. The platform is intended to continually learn and operate as an always-on teammate within customer organisations.

According to a company statement, Mycroft's customer base reportedly surpassed 50 companies within the first six months following launch. Early customers include Superwhisper, Evolo, CoVet, Unified, Willful, Wisedocs, and Weave.

"Today's fast-growing companies need robust tools to protect what they're building. Security and compliance have evolved from manual back-office functions to front-line priorities that can shape customer experiences and brand reputation. Mycroft's AI Security and Compliance Officer is the teammate that every company needs in order to stay safe," said Karim Gillani, General Partner at Luge Capital.

The firm states that its focus is on enabling companies to concentrate on the core aspects of their business vision while maintaining a secure and compliant operating foundation.

Photo courtesy of Mycroft. From left: Co-founders Jon Mendes, Mike Kim, and Jan Jedrasik.