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DoControl, which today announced an increase of $ 30 million in Series B rounds, said funding would accelerate market expansion for its automated software-a-service (SaaS) security platform – already used by consumers, including cyber security companies. The same is done. CrowdStrike, Devo and Armis.
The platform is distinguished by capabilities such as automated workflows that can be “triggered using any SaaS event – which makes our solution the most granular in the SaaS security industry,” Adam Gavisch, co-founder and CEO of DoControl, said in an email to VentureBeat.
According to a recent report from Productiv, the average company now uses 254 SaaS apps – and the enterprise is even higher, with an average of 364 SaaS apps. But while many businesses increasingly rely on SaaS for data sharing, “the problem is that these shared files are generally shared and permanently accessible – thus exposing your company to multiple security risks and over time. The likelihood of losing data increases with time, “said Gavisch.
DoControl’s platform, which went into general availability in August 2021, addresses the issue with automation, he said. The platform provides the ability to trigger automated workflows to disable data access over time between different internal groups and external collaborators; Quickly improve data exposure “with a few clicks”; And SaaS security checks using metadata inventory, according to Gavish.
With the ability to trigger a workflow with any SaaS event, the workflow can also be “conditioned based on any event metadata – so you can narrow the scope to resolve any business use case,” he said.
DoControl, meanwhile, classifies personally identifiable information (PII) “on the fly” – as part of an automated workflow – “so that PII findings are associated with a clear business context to avoid warning fatigue,” Gavisch said.
The DoControl platform is currently integrated with Microsoft (Teams, SharePoint and OneDrive) as well as SaaS applications from Google Drive, Salesforce, Slack, Dropbox, Box, Octa and GeithHub.
Startup goals for the new fund include integration with more SaaS applications, including Cumin, Zoom, Monday and Workday.
DoControl is also looking to increase its customer base, which currently has more than 30 subscribers. In addition to CrowdStrike, Devo and Armis, other well-known clients include IronNet, Minted, BigPanda, Sisense, Similarweb, Papaya Global, Crossbeam and Snappy.
To help boost sales, the company wants to use some of the new funding to roll out channels and other partnership programs, according to Gavish.
New York-based DoControl currently employs 47 people and expects to reach 70 employees by the end of the year.
The Series B round was led by Insight Partners. Existing investors – RTP Global, StageOne Ventures, Cardumen Capital The CrowdStrike Falcon Fund – also participated. DoControl has raised a total of $ 45 million since its inception in 2020.
Along with Gavish, formerly product manager at Google Cloud, the founders of DoControl are Omri Weinberg, chief revenue officer (formerly general manager at SafeDK) and Liel Ren (formerly software and cloud architect at Amenity Analytics).
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