Toronto’s Mycroft Raises $3.5M to Bring AI Security Officers to Startups

Daily Security Review

Toronto-based cybersecurity startup Mycroft has stepped out of stealth with a bold promise: to give startups and small-to-midsize businesses (SMBs) the kind of enterprise-grade security typically reserved for Fortune 500 companies. Acting as an AI-powered “Security and Compliance Officer,” Mycroft deploys autonomous AI agents that manage an organization’s entire security and IT stack. From cloud and application security to device management, automatic remediation, and compliance auditing, the platform automates the work of a full security team—something smaller companies usually can’t afford.

With $3.5 million in seed funding led by Luge Capital and participation from other investors, Mycroft is gearing up for rapid product development and expansion. The company has already attracted over 50 customers, proving that its model resonates in a market where resource-strapped startups face the same cyber risks as multinational enterprises.

CEO Mike Kim describes the vision clearly: security should be a superpower, not a burden. Mycroft’s mission is to democratize cybersecurity, ensuring every business—no matter its size—has access to robust, real-time protection from day one. This episode dives deep into how Mycroft is changing the cybersecurity landscape for startups and SMBs, the challenges it addresses, and why its early traction signals a broader shift in how smaller companies approach digital resilience.

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