DoControl is an Israeli cybersecurity startup which offers a fully automated SaaS (software as a service) security platform, which it states provides data access monitoring, orchestration, and remediation across major SaaS applications, such as Google Drive, Box, Microsoft OneDrive, Salesforce, Slack, Jira, BambooHR, GitHub and more. The company just raised $10 million in Series A funding, led by Datadog investor RTP Global.
Founded in 2020 by CEO Adam Gavish, CTO Liel Ran and CRO Omri Weinberg, DoControl is backed by global cybersecurity leader CrowdStrike. DoControl boasts that it gives organizations the automated, self-service tools they need for SaaS applications data access monitoring, orchestration, and remediation. “We take a unique, customer-focused approach to the challenge of labor-intensive security risk management and data exfiltration prevention in popular SaaS applications,” they say.
By replacing manual work with automation, DoControl says that it reduces the overload of work and complexity that Security/IT teams have to deal with every day. DoControl’s platform also involves all employees as part of the security equation to drive business enablement and encourage a collaborative and frictionless security culture.
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Startup Nation is awash with companies specializing in cybersecurity and protection of cloud based services. DoControl joins five other Israeli startups that recently raised new capital. Axis Security Inc. which promises to protect your business as it does business in the cloud. Its solution is Application Access Cloud which the company says has a unique architecture that makes it simple to deploy, use, and manage while delivering more secure access. SCADAfence is an Israeli startup in the field of cybersecurity for Operational Technology (OT) and Internet of Things (IoT) environments
StarkWare is an Israeli cybersecurity startup which specializes in the development of solutions for enlarging blockchain capacity. And then there are CYE and Cyberpion. And SentinelOne expects to be worth more than $10 billion when the company goes public.
But why is this the case and why are cybersecurity firms so valuable?
Cybersecurity is more important than ever. Hackers are not only motivated by money or politics. They often just like being malicious. So even small companies need to be on their guard and be sure to properly protect their systems. In recent months two different Israeli companies were ransomware attacks by the Black Shadow hackers.
And everything is going into the cloud these days. Do you use Google Docs, or any of the other Google services? Well then all of your files are stored in servers located around the world. The same thing is also now true with MS Office which offers customers cloud based software services. Notebook computers have always had a limited storage capacity. And more and more people are switching to tablets which do not offer the same services as a computer. So cloud services will soon be standard.
Cloud security, in turn, refers to the technologies, policies, controls, and services that protect cloud data, applications, and infrastructure from threats.
Only ten months since its inception, DoControl has raised $13.35 million in total funding.
Well this is a good way to start the week! DoControl has officially launched it’s platform today, and announced $10M Series A funding from RTP Global, @StageOneVC, @Cardumencapital, and @CrowdStrike Falcon Fund. Onward and upwards #saassecurity
— DoControl (@do_control) April 12, 2021
“While leading cybersecurity product management at Google Cloud, I saw firsthand how enterprises struggle with preventing unauthorized access to data stored in the cloud,” said Adam Gavish, DoControl co-founder and chief executive officer.
“This becomes more complex with SaaS applications serving the entire workforce. Identity providers and zero trust solutions manage users and secure remote access, but security/IT teams have no simple way to dynamically monitor and restrict access to data by former employees, private accounts, external vendors, customers or partners. This creates a huge amount of unmanageable data access, posing significant risks to organizations and increasing the likelihood of data breaches. DoControl solves one of the most complex operational challenges – monitoring and restricting data access to the wrong personnel without slowing down business enablement. We’re giving enterprises an efficient platform to balance this operational equation through automation and frictionless, modern user experience.”