San Francisco — September 5, 2018
Priscilla Elora Sharuk, Co-Founder and COO of Myki, announced this morning on the “Beyond Battlefield” panel at TechCrunch Disrupt SF 2018, that the company has raised $4M Series A to scale its operations.
The round was led by Dubai-based VC BECO Capital, with participation from LEAP Ventures and B&Y Venture Partners, all of which are returning investors.
This strategic funding will allow Myki to expand its US operations to tackle decentralized Identity Management in the Enterprise space.
Myki has definitely been busy. After having launched on the Startup Battlefield stage at TechCrunch Disrupt SF in September of 2016, Myki has amassed global recognition and has been named one of the “Best Free Password Managers of 2018” by PCMag, and has made the list of Apple’s ‘Powerful Password Managers’.
With over 250,000 users worldwide and a rapidly-growing user base, Myki is well-positioned to address the security and identity management needs and concerns of consumers and businesses alike.
Back in May, on the TechCrunch Disrupt Berlin stage, Myki announced a major partnership with self-sovereign identity application Blockpass; combining the power of identity sovereignty and cloudless password security that is Myki.
Myki targets three user verticals:
The "Myki Password Manager & Authenticator” for consumers is a mobile application that allows users to seamlessly and securely store and manage passwords, credit cards, ID cards and secure notes. Myki allows users to login to accounts using biometric authentication such as touch ID and Face ID.
Myki's enterprise offering "Myki for Teams” gives administrators full visibility and control over their company’s access management.
Myki for Managed Service Providers is a web portal that allows MSPs to manage the passwords of their clients in a secure, streamlined and scalable manner.
Global spending on cybersecurity products and services are predicted to exceed $1 Trillion over the next five years, from 2017 to 2021. Myki is well positioned to address the security and identity management needs and concerns of consumers and businesses alike.
Quote from Co-Founder & CEO Antoine Vincent Jebara: "Our mission for the next two years is to build the infrastructure required on all levels to keep growing fast, the way we have been for the past 12 months, and become a world leader in decentralized identity management."
Myki Co-Founder and COO Priscilla Elora Sharuk said: “We are firm believers that online security and data privacy is not a privilege, it is a right, and that is why at Myki, we empower our users with the tools to securely manage their digital identity.”
Founded by Antoine Vincent Jebara and Priscilla Elora Sharuk in 2015, Myki offers both a consumer and enterprise identity management solution that uniquely allows users to
store sensitive information offline, away from the cloud.
Myki was named one of the "Best Password Managers 2018" by PCMag, awarded 'Top 100 Most Innovative Companies' by Forbes in 2017, and was the first MENA-based company to launch at Disrupt Startup Battlefield.