Mylio, a Bellevue, WA-based personal mesh network startup, raised $25m in funding.
The cash was secured through a joint-venture agreement with China Everbright, Ltd.
The company will use the funds to accelerate the development of new products.
Founded in 2012 by former Microsoft CTO David Vaskevitch, Mylio has developed private, personal mesh networks, which protect personal privacy by making an internet or cloud connection completely optional. The company’s first mesh network offering is the Mylio photo app, a multi-device, peer-to-peer, platform-agnostic tool to organize, manage, and protect digital photos and other files.
Everbright will also serve as a distribution partner for the Chinese market. As part of the agreement, a Mylio R&D facility will be set up in the Hengqin New Area, one of the most recent Special Economic Zones created by the Chinese government for international collaboration and innovation. This facility will be used to develop new AI and machine learning products specific to Hengqin, as well as extend the Mylio platform and app to the Chinese mainland market.
The Mylio platform and photo app can be downloaded at www.mylio.com, through the Apple App Store, or Android Play Store. The Mylio photo app supports personal computers running OSX 10.9 or later, Windows 7 SP1 or later, iPads, iPhones and iPod Touch running iOS 7 or later, and Android tablets and phones running KitKat 4.4 or later.
FinSMEs
09/04/2017