Myota develops a data protection architecture it terms "Shard & Spread," which encrypts data, breaks it into fragments, and scatters those fragments across separate storage locations. The company holds two U.S. patents on the method, granted in 2022 and 2024. Myota claims customers can reduce storage costs by 50% or more versus traditional backup setups and asserts it has never experienced a breach, data exfiltration, or ransomware loss, though those claims lack independent third-party verification. The business has pursued a drawn-out, milestone-tied Series A fundraising strategy since 2021 and has raised over $12 million under that round designation to date. Public filings show the latest $3 million tranche closed in February 2026 with eight undisclosed participating investors. Beyond its patent holdings and fundraising history, the articles do not disclose revenue, user metrics, or specific near-term product roadmaps.

Total raised

$7M

Funding rounds

2

Latest round

Series A

Latest activity

Jun 2026