HomeUSA1touch.io Raises $14M in Series B Funding

1touch.io Raises $14M in Series B Funding

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1touch.io

1touch.io, a New York-based provider of Inventa, a sensitive data intelligence solution, raised $14M in Series B funding.

The round was led by Neotribe Ventures with continuing support from National Grid Partners, Ocean Azul Partners and Jerusalem Venture Partners.

The company intends to use the funds to scale up its sales and marketing efforts and to increase its market share.

Led by Zak Rubinstein, CEO, and Itzhak Assaraf, CTO, 1touch.io provides Inventa, a sensitive data intelligence solution with data discovery and classification technology to improve outcomes across the enterprise via a centralized management console. It gives organizations visibility into the business value of data – including shadow IT and unknown data sources – by automating the discovery process starting at the network-layer and providing a comprehensive, accurate and up-to-date master inventory. This visibility enables organizations of any size to meet security, privacy and compliance requirements while getting more out of their existing investments and improving operational efficiency.

Typical customer use cases include: Cloud Migration, Third Party Data Sharing, Attack Surface Reduction, DSAR Requests and DLP Extension.

1touch.io has gained significant momentum since the previous fundraise including over 300% year-to-year revenue growth highlighted by numerous Fortune 500 customers and global accounts with Financial Services, Insurance and Hospitality placing the largest orders.

FinSMEs

09/05/2023