Myota, a small cybersecurity startup backed by regional heavyweight entrepreneurs and investors, has raised more than $2.1 million in a seed round.
CEO Trip Koury said the startup has been keeping quiet about the technology it’s developed to maintain a competitive edge, writes Michelle Caffrey at bizjournals.com.
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Koury was vague about how Myota’s tech works, except to say that its cloud-based service breaks down data in a way that makes it impossible for anyone without certain authorizations to read or view it. When asked if Myota involves a different method of encryption, Koury said encryption is involved, but its product is “beyond that.”
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