DoControl Secures $30 Million Series B to Redefine SaaS Data Security





Series B led by Insight Partners helps companies prevent SaaS data breaches and accelerate DoControl growth

NEW YORKApr 14, 2022 /PRNewswire/ — doControlthe automated Software-as-a-Service (SaaS) security company, today announced that it has a $30 million Series B financing round led by New York-based global private equity and venture capital firm, Insight Partners, with the participation of existing investors including StageOne Ventures, Cardumen Capital, RTP Global and CrowdStrike’s early stage investment fund, the CrowdStrike Falcon Fund. DoControl’s new funding is a testament to its rapid corporate adoption and ability to prevent data loss without slowing business activation. The Series B will help the company scale its SaaS data security innovations, launch strategic channel and partnership programs, and drive its global growth.

DoControl reduces the risk of costly data breaches caused by unmanageable data in popular SaaS applications. Gartner estimates SaaS spending will exceed Infrastructure-as-a-Service (IaaS) spending by 41% by 2022. Accelerated SaaS adoption, the growing complexity of SaaS ecosystems, and the lack of granular, automated access control expose organizations to unauthorized and undetected data exfiltration. DoControl leverages user interactions and API access in SaaS applications and fuels it all with powerful no-code workflows that automatically identify, respond to and remediate threats resulting from SaaS data policy violations. The mission-critical SaaS data access control solution effectively eliminates the business threats caused by employee departures, third-party vendors, team collaboration, and more.

“SaaS is the new IaaS when it comes to the complexities of security controls and data access exposure. Recent high-profile attacks, such as the alleged breaches of Okta, HubSpot, and Twitter, started or continued through abuse of access control, resulting in unauthorized access to the Crown Jewels – sensitive customer data,” said Adam Gavish, Co-Founder and CEO, DoControl. “As data is the new oil, security teams understand that they now need to extend their Zero Trust architecture from the identity and network to the SaaS data layer. We are excited to partner with Insight Partners on this shared mission and more organizations worldwide to help prevent data breaches through security automation.”

“Every modern business faces the risk of uncontrollable SaaS data access, with sensitive company, employee and customer data stored in popular business applications. DoControl offers a rare combination of asset management, security automation and remediation that reduces the risk of exposure caused by a lack of SaaS data protection capabilities,” said Stephen Ward, director at Insight Partners. “During my time as a CISO, I recognized the importance of technology that addresses these issues quickly and effectively, so we are proud to partner with DoControl as they continue to grow.”

Insight Partners’ investment will enable DoControl to double its workforce and increase its go-to-market penetration in the United States and further. DoControl will also develop a national channel partner program to enable MSPs, resellers and other key partners to provide Zero Trust SaaS data access control capabilities to a wider user base. Most importantly, DoControl will use its funding to develop innovations that meet the needs of modern businesses that rely on SaaS tooling, while expanding use cases into new verticals.

For more information, visit the DoControl website or request a demo

About DoControl

Founded in 2020 and headquartered in New York, DoControl is an automated data access control platform for SaaS applications, easily improving security and operational efficiency for enterprises. DoControl is backed by investors Insight Partners, StageOne Ventures, Cardumen Capital, RTP Global and CrowdStrike’s early stage investment fund, the CrowdStrike Falcon Fund, a leader in cybersecurity. The company’s leadership team combines product, engineering and sales experience from cybersecurity, enterprise and SaaS innovators. For more information, visit www.docontrol.io† Follow us on Twitter and LinkedIn.

About Insight Partners

Insight Partners is a global software investor partnering with high-growth technology, software and internet startup and ScaleUp companies driving transformative change in their industry. From February 24, 2022the close of the company’s recent fundraising campaign, Fund XII, brings Insight Partners’ regulatory assets under management to more than $90B† Insight Partners has invested in more than 600 companies worldwide and has seen more than 55 portfolio companies go public. headquarters in New York CityInsight has offices in LondonTel Avivand Palo Alto. Insight’s mission is to find, fund and successfully partner with visionary executives, providing them with hands-on, hands-on software expertise to drive long-term success. Insight Partners meets great software leaders where they are in their growth path, from their first investment to IPO. To learn more about Insight and all of its investments, visit www.insightpartners.com or follow us on Twitter @insightpartners.

For media inquiries:
Dex Polizzi
Lumina Communication
(201) 452-7424
[email protected]

SOURCE DoControl




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