Toronto just put another heavyweight on the map, and this one answers to the name Mycroft. Fresh out of stealth, the company secured a $3.5M seed round, proving they’re not just nibbling at the edges of cybersecurity, they’re going straight for the center of the board. Founded in 2024 by Mike Kim and Jonathan Mendes, with engineering led by Jan Jedrasik, Mycroft isn’t playing the tired game of dashboards and compliance spreadsheets. They’ve built an agentic AI platform that works like a full-time Security and Compliance Officer, except it doesn’t burn out, doesn’t miss details, and doesn’t need a vacation.
Mike Kim has been here before. First security hire at FreshBooks, then Engineering Manager of Trust and Platform at PartnerStack, he knows how to protect fast-moving companies without slowing them down. Jonathan Mendes, co-founder of PartnerStack, brings the product and design intuition that makes something this technical feel simple, almost obvious. And Jan Jedrasik, who started as Kim’s first PartnerStack hire and is now Head of Engineering, adds CISSP-certified credibility with hands-on security depth. Together, they’ve condensed the five tools every company fumbles with, compliance, cloud, apps, devices, remediation, into one stack that works like a teammate, not a ticketing system.
The investors saw the signal. Luge Capital led the round with General Partner Karim Gillani taking a board seat, joined by Brightspark Ventures and Graphite Ventures. Ripple Ventures, Developer Capital, Antler, BoxOne Ventures, and a bench of strategic angels doubled down after the $1.2 million pre-seed in 2024. Total funding now sits at $4.7 million, structured as all equity, all primary, designed to grow, not patch.
Traction is already speaking louder than pitch decks. In just six months on the market, Mycroft has landed more than 50 customers. The lineup spans Superwhisper, CoVet, Unified.to, Willful, Wisedocs, Evolo, and YC W25’s Weave. Fintech names like Levr, Paidiem, Cascade Debt, Brio Platform, and Yield Exchange are on board too, a sector that rarely gambles on unproven tools.
The team is scaling in parallel, jumping from 10 to 15 employees with another five on deck to fuel product and go-to-market. While Toronto is home base, clients are already spread across North America, Australia, New Zealand, and the UK. Partnerships like Unified.to have cut integration launches to 15 minutes, freeing up 25 percent of dev time to double down on AI innovation.
Security has long been cast as overhead, the necessary tax to stay compliant. Mycroft is reshaping that conversation, turning security into a growth lever and compliance into an operating advantage. With agentic AI as the backbone, they’re making risk management feel less like bureaucracy and more like strategy. The stealth phase is over, now the market gets to see just how much ground this name can cover.
