1touch.io, a New York-based provider of sensitive data intelligence solutions, has secured $14 million in a Series B funding round.
Neotribe Ventures led the funding round, with participation from National Grid Partners, Ocean Azul Partners, and Jerusalem Venture Partners (JVP).
The newly secured funding will enable 1touch.io to expand its business operations and increase its market share.
The company's flagship solution, Inventa, leverages advanced machine learning and is built on a foundation of network discovery and machine learning, with open APIs for seamless integration. Its supervised AI module ensures exceptional classification accuracy, surpassing alternative tools.
1touch.io has gained significant traction in the market, with a notable customer base that includes Fortune 500 companies and global accounts in the financial services, insurance, and hospitality sectors, placing substantial orders. The company has also established OEM agreements with IBM Security and Comforte, further enhancing its channel strategy and expanding its reach to larger accounts.
Company: 1touch.io Inc.
Raised: $14.0M
Round: Series B
Funding Month: May 2023
Lead Investors: Neotribe Ventures
Additional Investors: National Grid Partners, Ocean Azul Partners, and Jerusalem Venture Partners (JVP)
Company Website: https://www.1touch.io/
Software Category: Sensitive Data Intelligence Solutions
About the Company: 1touch.io is a technology company providing automated real-time discovery, mapping, and tracking of personal data flow. The company provides Inventa, a sensitive data intelligence solution that provides business context and data insights, empowering security, privacy, compliance, governance, and risk teams to prioritize and streamline their processes effectively. Typical use cases for the Inventa platform encompass cloud migration, third-party data sharing, attack surface reduction, DSAR requests, and DLP extension. The company combines proven, cutting-edge technology from the fields of unique personal data discovery and dynamic network element discovery that is leveraged in some of the most demanding environments in the world.
Source: https://www.startuphub.ai/1touch-io-raises-14-million-series-b-round-led-by-neotribe-ventures-for-sensitive-data-intelligence-solution/