Mylio, LLC

Mylio, LLC offers a comprehensive media library application to organize and manage photos, videos, and documents across various devices, utilizing peer-to-peer syncing for seamless access. Founded in 2012 in Bellevue, US, Mylio, LLC specializes in media management applications. The company has raised a total of USD 25. 00 mn in funding, with its latest round in April 2017 led by China Everbright Environment Group.

The firm has completed 2 deals to date, with its core operations remaining consistent. Mylio's core product is a media library application that organizes photos, videos, and documents across multiple devices without relying on cloud storage. It employs peer-to-peer syncing technology for seamless access to media from smartphones, cameras, and external drives. Features include automatic face recognition and duplicate photo detection, catering to users seeking privacy in managing their digital memories.

Mylio's services are targets for personal users and families globally, including North America, Europe, and Asia, offered through subscription plans that provide dedicated support and personalized setup services. Mylio generates revenue primarily through subscription-based services for its photo management application. Users can select from individual and family subscription plans, which allow access to shared media libraries. Each plan includes unlimited storage for photos and videos along with dedicated support.

Revenue is derived from direct transactions with users, who can subscribe either monthly or annually. Specific pricing details are proprietary, but the company’s approach is designed to appeal to users valuing privacy and comprehensive media organization. Mylio plans to utilize the recent funding of USD 25. 00 mn raised in April 2017 to enhance its product offerings and expand into new markets.

The company is developing new features and considering entry into additional geographic areas, although specific regions have not been disclosed. The funding will support these initiatives, aiming for growth and broader user engagement.