News Summary

Toronto-based Mycroft has secured $3.5 million USD in seed funding to offer ‘Goldilocks’ security solutions for business-to-business (B2B) software-as-a-service (SaaS) startups. Co-founded by Mike Kim, the company aims to provide enterprise-grade security without the overhead by utilizing agentic artificial intelligence. The funding round was led by Luge Capital, with participation from Brightspark Ventures, Graphite Ventures, and others. Mycroft’s solution, which has already attracted over 50 clients, helps companies monitor cloud infrastructure, secure devices, and manage compliance autonomously. The startup plans to expand its team to further its go-to-market strategies and product development.