Toronto-based Mycroft, founded by ex-PartnerStack leaders, has raised $3.5M USD in seed funding to make enterprise-grade security and compliance accessible to scaling SaaS companies without the cost and overhead of large teams.
Mycroft positions its agentic AI platform as a virtual “security and compliance officer,” replacing fragmented tools, manual processes, and spreadsheets. The system autonomously monitors cloud infrastructure, secures devices, enforces policies, manages incidents, and streamlines audit preparation.
“Most security tools are either too shallow or total overkill,” said Mike Kim, CEO and co-founder. “With Mycroft, we’re giving startups the product we wish we had: enterprise-grade security that doesn’t require a 10-person team.”
The round
- Lead investor: Luge Capital
- New investors: Brightspark Ventures, Graphite Ventures
- Returning investors: Ripple Ventures, DevCap, Antler, BoxOne Ventures
This brings the company’s total funding to $4.7M USD, following a $1.2M pre-seed in 2024.
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Market traction
Since launching earlier in 2025, Mycroft has already landed more than 50 clients, including Superwhisper, CoVet, Unified.to, Willful, Wisedocs, and Weave. The 15-person team is expanding further with plans to add five new hires to scale product development and go-to-market efforts.
Why it matters
Security and compliance are typically underfunded in fast-growing startups, leaving many to choose between speed and safety. By embedding AI into compliance operations, Mycroft aims to eliminate that trade-off, particularly in regulated sectors like fintech and healthtech.
“Every company needs a teammate like this to stay safe,” said Karim Gillani, general partner at Luge Capital.
