DoControl secures $30 million Series B for data security platform
The Israeli startup’s SaaS data access control solution effectively eliminates the enterprise threats created by departing employees, third-party vendors, and cross-team collaboration
DoControl, which has developed an automated Software-as-a-Service (SaaS) security platform, announced on Thursday that it has raised a $30 million Series B funding round led by New York-based global private equity and venture capital firm, Insight Partners. The round also included participation from its existing investors including StageOne Ventures, Cardumen Capital, RTP Global, and CrowdStrike's early stage investment fund, the CrowdStrike Falcon Fund.
Founded in 2020 by Adam Gavish (CEO), Liel Ran (CTO), and Omri Weinberg (CRO), DoControl has raised $43.3 million to date. The company, which currently employs 50 people, is expecting to double its workforce following the latest funding round, as well as scale its product and grow in the U.S. market.
DoControl developed an automated data access controls platform for SaaS applications, improving security and operational efficiency for enterprises. The platform mitigates the risk of costly data breaches created by unmanageable data across popular SaaS applications. DoControl’s SaaS data access control solution effectively eliminates the enterprise threats created by departing employees, third-party vendors, cross-team collaboration, and more.
“Since data is the new oil, security teams understand they now need to extend their Zero Trust architecture from the identity and network into the SaaS data layer,” explained Adam Gavish, Co-Founder and CEO of DoControl.