Myota
Latest round
- Series A
Last raised
- May 2021
Total raised
- $5.8M
Investors
- 1
About Myota
Founded in 2017 by Jaeyoon Chung and Sam Koury, Myota, Inc. is headquartered in Blue Bell, Pennsylvania, US.Myota specializes in data security and ransomware prevention through its core offering, the Shard & Spread™ technology. This platform employs shard-based replication to reduce storage costs by 50% while enhancing data security. The technology creates secure, unusable shards of data—termed 'digital sand'—that are smaller compared to the original data. Myota's solutions address critical organizational pain points such as ransomware attacks and data loss, ensuring rapid recovery.Myota generates revenue primarily through subscription-based models for its data security solutions, providing clients with flexible plans tailored to their specific storage and security requirements. These transactions include tiered pricing structures for different service levels, allowing scalability according to client needs. The Shard & Spread™ technology is central to these engagements, facilitating effective data management while ensuring protection against cyber threats.8 mn in May 2021, Myota, Inc. plans to utilize these resources to scale its enterprise information protection software-as-a-service (SaaS) platform. The company is focused on expanding its market presence by targeting additional sectors and geographic regions, including Europe and Asia, with plans to execute these initiatives within the next 12 to 18 months. Myota aims to enhance its product offerings and introduce new features to better serve its clients, ensuring robust data security solutions are readily available to meet evolving industry demands.
Who invested in Myota
1 investor across 1 round
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Funding rounds
Series A
May 28, 2021
Amount
$5.8M
Investors
Questions about Myota
Who invested in Myota?
Myota has 1 investor on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Myota raised?
Myota has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Myota last raise money?
Myota's most recent round on record is a Series A, in May 2021.
What does Myota do?
Founded in 2017 by Jaeyoon Chung and Sam Koury, Myota, Inc.
Where is Myota headquartered?
Myota is headquartered in Blue Bell, US.
Which VCs invest in companies like Myota?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Myota's stage. Their profiles are linked below.
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