Security firm myGate raises $2.5 mn in funding led by Prime Venture

myGate is looking to target communities and apartment complexes of all sizes using the app as the capex involved in using the solution is zero

Security management solution for gated communities and apartment complexes myGate has raised $2.5 million in funding led by Prime Venture Partners.

The Bengaluru-based firm, which launched in 2016 claims its application is already in use across 100,000 homes and is being used by over 5,000 security guards in the city. myGate says it will utilise the capital to reach 2 million homes in the top seven metro cities in India within the next two years.

"Security for gated-premises is a multi-billion market that is fundamentally underserved by often obsolete legacy providers and solutions. myGate provides an outstanding experience for people