DoControl, a New York-based that developed an automated Software-as-a-Service (SaaS) security platform, announced that it raised $30 million in Series B funding, raised a total of $45 million to date.
The round was led by Insight Partners, with participation from existing investors including StageOne Ventures, Cardumen Capital, RTP Global, and CrowdStrike's early-stage investment fund, the CrowdStrike Falcon Fund.
The latest funding round plans to use to double its workforce, scale its product and grow in the U.S. market. This Series B will help businesses prevent SaaS data breaches and accelerate DoControl’s growth.
Company: DoControl, Inc.
Round: Series B
Funding Month: April 2022
Lead Investors: Insight Partners
Additional Investors: StageOne Ventures, Cardumen Capital, RTP Global, and the CrowdStrike Falcon Fund
Company Website: https://www.docontrol.io/
Software Category: SaaS Management Software
About the Company: Founded in 2020 by Adam Gavish (CEO), Liel Ran (CTO), and Omri Weinberg (CRO), 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. DoControl’s mission is to build a future where SaaS application-based business enablement and security are balanced through technology, automation, and simplicity.
Source: https://www.calcalistech.com/ctechnews/article/hjy2b00h49 https://www.docontrol.io/blog/docontrol-raises-30million-seriesb-round-to-redefine-saas-security