Automated SaaS Security Company DoControl Raises $30M

DoControlthe Software-as-a-Service (SaaS) automated security company founded in Israel announcement On Thursday, it raised $30 million in a Series B funding round.

The funding was led by a New York-based global private equity and venture capital firm, Insight Partnerswith participation from its existing investors, including StageOne Ventures, Cardumen Capital, RTP Global and CrowdStrike’s early stage investment fund, the CrowdStrike Falcon Fund.

DoControl’s new funding will help the company scale its SaaS data security innovations, launch strategic channel and partnership programs, and drive global growth.

This round demonstrates the rapid adoption of DoControl by businesses and its ability to prevent data loss without slowing down business activity, the company said in the announcement.

Founded in 2020 and based in New York, DoControl is an automated data access control platform for SaaS applications, improving security and operational efficiency with ease for businesses.

SaaS is the new IaaS when it comes to complex security controls and data access exposure. Recent high-profile attacks, such as the alleged breaches by Okta, HubSpot, and Twitter, began or continued with the exploitation of access control, resulting in unauthorized access to the crown jewels – sensitive data customers,” said Adam Gavish, co-founder and CEO, DoControl. “Since data is the new oil, security teams understand that they now need to extend their Zero Trust architecture from identity and network to the SaaS data layer. We are excited to partner with Insight Partners on this shared mission and help more organizations around the world prevent data breaches through security automation.

“Every modern business faces the risk of unmanageable SaaS data access, where sensitive corporate, employee and customer data is stored in popular enterprise applications. DoControl offers a rare combination of asset management , security automation and remediation that eliminates the risk of exposure created by a lack of SaaS data protection capabilities,” said Stephen Ward, Managing Director of Insight Partners. , I understood the importance of technology that solves these problems quickly and efficiently, and that is why we are proud to partner with DoControl as they continue to grow.”

Michael J. Chiaramonte