DoControl raises $30M for no-code security tools for cloud app log-ins
- ByStartupStory | April 14, 2022
According to a recent Gartner analysis, cloud security is one of the major drivers among organizations making IT expenditures this year, with an expected $4.4 trillion in IT spending in 2022. DoControl, a startup that builds “no code” solutions for one aspect of the security stack – safeguarding log-ins across cloud apps — said today that it has received $30 million in funding to grow.
The funding comes in the form of a Series B round headed by Insight Partners, with participation from additional unnamed former backers. DoControl, which is based in New York and has R&D operations in Israel, emerged from stealth last year, with investors including RTP Global, StageOne Ventures, Cardumen Capital, and security firm CrowdStrike, which is both a financial and strategic backer, working with DoControl within its own company and incorporating it into its platform.
DoControl is addressing a problem that has evolved in tandem with the way businesses operate today. Collaboration isn’t just happening between workers in the same company anymore, as more firms move more of their IT functions to cloud environments. People are increasingly sharing papers and data across companies.
Things are changing quickly, though, with security breaches like the one at Okta highlighting how even zero-trust network and app authentication may not always be enough to keep data safe. DoControl’s solution is based on the concept of applying a zero-trust security principle to data access, similar to the zero-trust approach used by many vendors for network or app access, in which users must log in to utilize apps.
DoControl now integrates with “the top 15” cloud app platforms, according to Gavish, which include Google and Microsoft apps (including GitHub), Jira, and Salesforce (including Slack).
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