What is Miracl?
MIRACL offers a sophisticated cloud-based platform designed for passwordless, multi-factor authentication (MFA) via its product, MIRACL Trust. This technology enables secure and swift logins in a mere two seconds, eliminating the need for second devices or SMS verification. Primarily targeting businesses aiming to bolster their digital security and streamline user login processes, MIRACL is instrumental in reducing helpdesk costs and elevating user satisfaction through an industry-leading login success rate. The solution's flexibility allows for deployment anywhere without requiring additional hardware, and its simplified pricing structure makes it an accessible option for enterprises. A core tenet of MIRACL's offering is privacy, ensuring companies can authenticate users while rigorously protecting their personal information.
How much funding has Miracl raised?
Miracl has raised a total of $10.8M across 3 funding rounds:
Other Financing Round
$406K
Series A
$2.4M
Series B
$8M
Other Financing Round (2011): $406K with participation from Octopus Ventures
Series A (2011): $2.4M led by Pentech Ventures. and Octopus Investments
Series B (2014): $8M supported by Octopus Investments and NTT DOCOMO Ventures
Key Investors in Miracl
Octopus Investments
Octopus Investments is a prominent UK-based financial firm specializing in tax-efficient investments, including VCTs and inheritance tax solutions, catering to a diverse client base seeking to optimize financial planning and investment growth.
NTT DOCOMO Ventures
NTT DOCOMO Ventures is the venture capital arm of NTT DOCOMO, a leading mobile operator in Japan, focusing on strategic investments in innovative technology companies that align with the group's broader telecommunications and digital service ecosystem.
Pentech Ventures.
Pentech Ventures is an investment firm that provides capital to companies, likely focusing on technology or growth-stage businesses, to support their expansion and market penetration efforts.
What's next for Miracl?
The substantial enterprise-level funding and recent strategic investment indicate a strong market validation for Miracl's passwordless authentication technology. This capital infusion is expected to fuel further development of the MIRACL Trust platform, potentially expanding its feature set to address evolving cybersecurity threats and user experience demands. Strategic expansion into new markets or industry verticals is also a likely avenue, leveraging the company's established success in enhancing digital security and streamlining login processes for businesses. The company's trajectory suggests a focus on scaling its operations to meet the growing global demand for secure, user-friendly identity verification solutions, positioning Miracl as a key player in the future of digital authentication.
See full Miracl company page
