Myki Raises $4M Series A to Tackle Enterprise Decentralized Identity Management
| Country | Lebanon |
| Industry | Computer and Network Security |
| Founders | Vincent Jebara, Priscilla Elora Sharuk |
| Investors |
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Priscilla Elora Sharuk, Co-Founder and COO of Myki announced this morning on the “Beyond Battlefield” Panel, 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 Beirut-based 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 TechCrunch Disrupt Battlefield stage in September of 2016, Myki has amassed global recognition and has been named one of the “Best Free Password Managers of 2018” by PCMag, made the list of Apple’s ‘Most Powerful Password Managers’ and 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, and 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 Cyber Security 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.”