Mylio Gets $25M From Chinese Investor

Bellevue-based Mylio, a startup developing privacy focused, Internet mesh file systems, has raised $25M in cash from an undisclosed Chinese company, the company said last week. The company said the funding will go towards a joint venture and a new R&D facility in China with that un-named investor. Mylio, led by CEO David Vaskevitch, said it has developed a mesh network file synchronization system which uses "multi-device replication, communication, and facial recognition" and "artificial intelligence" for "personal, distributed computing". Vaskevitch was previously CTO, Chief Architect, and SVP of the Server and Tools Platform at Microsoft.