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As major SaaS applications such as Drive and OneDrive proliferate across the enterprise landscape, companies are left to figure out how to secure the data that is moving to them.

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New York-based is looking to do just that after raising a $10 million Series A.

The new round was led by , with participation from , and the聽. Founded just ten months ago, DoControl has now raised $13.35 million.

DoControl has seen significant adoption in a short period of time, said co-founder and CEO . It has more than 50 customers, as more companies look for ways to monitor and secure their data in large SaaS applications that now serve their entire workforce 鈥� making sure the wrong people aren鈥檛 accessing what they are not supposed to.

The problem only has proliferated as companies have become more reliant on such applications after employees were forced to work from home last year because of the pandemic.

鈥淪aaS adoption has just been tremendous with COVID and the pandemic,鈥� he said.

A growing competition field

DoControl鈥檚 automated platform provides data access monitoring, orchestration, and remediation across the SaaS applications many companies use 鈥� attempting to lighten the workload on security teams already stretched thin, Gavish said.

The idea to monitor that data is not entirely new, with other cybersecurity companies such as , and all offering solutions in the market.

However, , partner at RTP Ventures, said there is a major difference between DoControl and what already is in the market.

鈥淭hose companies build the visualization鈥�.but (DoControl) is built to be action oriented,鈥� he said.

Gavish said he is not afraid to join a market with competition.

鈥淣one (of those companies) are listed on the NASDAQ, so we are not late,鈥� he said.

Funding

DoControl will use the new money to hire engineers and increase its sales and marketing, Gavish said. He expects the company will grow from 14 employees to 22 by the end of the year.

While the company is mainly working with mid-market customers, Gavish said he expects to close significant enterprise contracts in the near future as the company already is in talks with some.

He believes DoControl can reach a 鈥渟even digit鈥� ARR in 12 to 18 months.

鈥淭hat is very close to reality,鈥� he said. 鈥淭his market is booming.鈥�

Illustration: .