Data monitoring company DoControl raises $10 million

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New York Business Journal

By Ben Miller  –  Staff Reporter

Data monitoring company DoControl has raised $10 million in a Series A round of financing.

The New York City-based company said the round was led by RTP Global with participation from StageOne Ventures, Cardumen Capital and CrowdStrike's early stage investment fund, the CrowdStrike Falcon Fund.

DoControl said it has raised a total of $13.5 million since its founding 10 months ago.

DoControl said it provides data access monitoring, orchestration, and remediation across major software as a service (Saas) applications, such as Google Drive, Box and Microsoft OneDrive.

Company co-founder and CEO Adam Gavish previously worked at Google Cloud, where he said he saw the difficulty of companies trying to securely manage and monitor their data.

"DoControl solves one of the most complex operational challenges — monitoring and restricting data access to the wrong personnel without slowing down business enablement," Gavish said in a statement.

Gavish told Crunchbase that the company will use the money "to hire engineers and increase its sales and marketing," and Gavish said he expects the company will grow from 14 employees to 22 by the end of 2021.

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