What is Miracl?
Miracl operates at the intersection of digital identity and cybersecurity, providing a cloud-based platform that eliminates the reliance on passwords and secondary devices. Its flagship product, MIRACL Trust, facilitates multi-factor authentication (MFA) in under two seconds, effectively reducing the friction typically associated with secure logins. By removing the need for SMS-based codes or hardware tokens, Miracl significantly lowers helpdesk overhead for enterprise clients while simultaneously improving user satisfaction metrics.
The company's value proposition is rooted in its ability to deliver high-security standards without compromising on speed or accessibility. As organizations increasingly shift toward zero-trust architectures, Miracl's privacy-centric approach—which ensures that personal information remains secure during the authentication process—positions it as a vital component in the modern enterprise security stack. Its deployable, hardware-agnostic model allows for seamless integration across diverse digital environments.
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 the UK's largest provider of specialist tax-efficient investments, focusing on VCTs and inheritance tax solutions. They manage significant assets and provide strategic growth capital to high-potential businesses.
Pentech Ventures
Pentech Ventures is a venture capital firm that specializes in early-stage investments in software and technology companies, often focusing on disruptive innovations.
NTT DOCOMO Ventures
NTT DOCOMO Ventures is the corporate venture capital arm of the Japanese mobile operator, focusing on strategic investments in innovative technologies that complement their telecommunications and digital services ecosystem.
What's next for Miracl?
Looking ahead, Miracl is poised to leverage its recent capital infusion to deepen its penetration into the global enterprise market. The strategic focus will likely center on expanding its sales infrastructure and enhancing the scalability of its cloud-based authentication engine to meet the demands of large-scale, high-traffic digital platforms. As the industry moves toward a passwordless future, Miracl's ability to maintain its two-second login success rate will be a key differentiator in maintaining its competitive edge.
Furthermore, the company is expected to continue refining its privacy-first protocols, ensuring compliance with evolving global data protection regulations. By focusing on reducing operational costs for its clients while maintaining robust security, Miracl is well-positioned to capture a larger share of the identity and access management (IAM) market, potentially setting the standard for the next generation of secure, user-friendly digital authentication.
