Cyber Startup DocAuthority Raises $10 Million

Cyber company DocAuthority Ltd. announced Wednesday it had completed a $10 million series A funding round led by Raine Ventures. Greycroft, ff Venture Capital, Differential VC, 2B Angels, and Plus Ventures also participated in the round.

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DocAuthority offers businesses software that automatically detects and identifies sensitive documents that are unprotected.

DocAuthority’s technology solves a major problem in data management and protection, Ariel Peled, co-founder and chief technology officer at DocAuthority said in a statement. “Both business and security can agree and safely rely on policies for data classification, access management, DLP, encryption and as importantly, retention,” he said.

Founded in 2013, and based in Ra’anana, in central Israel, DocAuthority was previously known as CloudAuthority. The company raised $2.6 million in a seed round in 2016.