What is Microshare?
Microshare operates as a Data Governance Platform specifically designed for the Internet of Things. Its core offering, the Policy Fabric platform, addresses critical challenges related to data privacy, security, auditability, and confidentiality in environments generating vast amounts of data from numerous sources. By enabling the secure micro-sharing of this data, Microshare empowers individual users to access and utilize information as needed, transforming raw data into actionable insights. Founded in 2013 and headquartered in Philadelphia, Pennsylvania, the company is focused on bringing order and control to the often-chaotic world of IoT data.
How much funding has Microshare raised?
Microshare has raised a total of $25.6M across 5 funding rounds:
Share Placement
$5M
Debt
$150K
Unspecified
$5M
Debt
$429K
Unspecified
$15M
Share Placement (2019): $5M with participation from The Motley Fool
Debt (2020): $150K led by PPP
Unspecified (2020): $5M supported by Semtech and Kerlink
Debt (2021): $429K featuring PPP
Unspecified (2021): $15M backed by Avenue Capital Group
Key Investors in Microshare
Avenue Capital Group
Avenue Capital Group is an investment firm specializing in distressed securities and private equity, likely bringing strategic financial expertise to Microshare's growth phases.
Semtech
Semtech, a semiconductor manufacturer, provides critical hardware components for IoT devices, suggesting a strategic alignment with Microshare's platform for enhanced data management and security.
The Motley Fool
The Motley Fool, known for its financial and investing advice, likely participated to support Microshare's market expansion and capitalize on the growing IoT data governance sector.
What's next for Microshare?
The recent major strategic investment signifies a pivotal moment for Microshare, likely enabling the company to accelerate its product development, expand its market reach, and further enhance its Policy Fabric platform's capabilities. This capital injection is expected to bolster its competitive edge in the burgeoning IoT data governance landscape. Future endeavors will likely focus on deepening enterprise adoption, forging new strategic partnerships, and continuing to innovate in areas of data security and privacy, solidifying its position as a leader in managing the complexities of IoT data.
See full Microshare company page
