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DoControl, which right this moment introduced elevating a $30 million sequence B spherical, mentioned the funding will go towards accelerating the market enlargement for its automated software-as-a-service (SaaS) safety platform — which is already utilized by clients together with identified cybersecurity corporations equivalent to CrowdStrike, Devo and Armis.
The platform stands out with capabilities equivalent to automated workflows that “may be triggered utilizing any SaaS occasion — which makes our resolution essentially the most granular within the SaaS safety trade,” mentioned Adam Gavish, cofounder and CEO at DoControl.
In keeping with a current report from Productiv, the typical firm now makes use of 254 SaaS apps — and enterprises are even increased, with 364 SaaS apps getting used on common. However whereas many companies are more and more counting on SaaS for sharing information, “the issue is that these shared information normally stay shared and accessible ceaselessly — thus overexposing your organization to a number of safety threats and growing the probability of knowledge loss over time,” Gavish mentioned.
DoControl’s platform, which entered common availability in August 2021, addresses the problem with automation, he mentioned. The platform gives the flexibility to set off automated workflows to revoke information entry over time, throughout totally different inner teams and exterior collaborators; shortly remediate information publicity “with a couple of clicks”; and carry out safety investigations utilizing SaaS metadata stock, in keeping with Gavish.
Together with the flexibility to set off workflows with any SaaS occasion, the workflows will also be conditioned “primarily based on any of the occasion metadata — so you may slim down the scope to unravel any enterprise use case,” he mentioned.
In the meantime, DoControl performs classification of personally identifiable info (PII) “on the fly” — as a part of an automatic workflow — “in order that the PII findings are related to clear enterprise context to keep away from alert fatigue,” Gavish mentioned.
The DoControl platform at present integrates with SaaS purposes from Microsoft (Groups, SharePoint and OneDrive) in addition to Google Drive, Salesforce, Slack, Dropbox, Field, Okta and GitHub.
Among the many startup’s objectives for the brand new funding is so as to add integrations with extra SaaS purposes, together with Jira, Zoom, Monday and Workday.
Buyer traction
DoControl can be seeking to develop its buyer base, which at present consists of greater than 30 clients. Along with CrowdStrike, Devo and Armis, different named clients embrace IronNet, Minted, BigPanda, Sisense, Similarweb, Papaya International, Crossbeam and Snappy.
To assist drive gross sales, the corporate intends to make use of a few of the new funding to roll out channel and different partnership applications, in keeping with Gavish.
New York-based DoControl at present employs 47, and expects to achieve 70 staff by the tip of the 12 months.
The sequence B spherical was led by Perception Companions. Present traders — RTP International, StageOne Ventures, Cardumen Capital the CrowdStrike Falcon Fund — additionally participated. DoControl has now raised a complete of $45 million in funding since its launch in 2020.
Together with Gavish, previously a product supervisor at Google Cloud, DoControl’s founders are chief income officer Omri Weinberg (previously a common supervisor at SafeDK) and CTO Liel Ran (beforehand a software program and cloud architect at Amenity Analytics).
