Myota

Myota provides ransomware-resilient data protection built on a “Shred and Spread” cyberstorage technique: files are cryptographically fragmented and the shards distributed across multiple storage locations, so no single compromised repository, stolen key, or encrypted volume contains a usable copy of the original data. The approach, which traces back to research originating in Princeton University’s research labs, is aimed at scenarios where traditional backup and encryption strategies still leave data vulnerable — encrypted backups can themselves be encrypted again by ransomware, and a single stolen key can expose an entire encrypted dataset.

Co-founded in 2017 by Jaeyoon Chung and Stephen “Trip” Koury and headquartered in Blue Bell, Pennsylvania, Myota has raised a total of roughly $10.6 million across multiple rounds, including a $3.65 million Series A2 round and continued funding into 2025, and has recently added a CISO to its leadership team as it markets shard-based data protection to enterprises.

Myota’s differentiation from conventional backup, encryption, and DLP tools is architectural: because data is fragmented and distributed rather than merely encrypted in place, an attacker who compromises any single storage location or steals a key still cannot reconstruct usable data, which the company positions as resilience against both availability attacks (ransomware) and confidentiality attacks (data theft) simultaneously.