PRweb: 1touch.io Secures $14 Million Series A Round for its Network-Based Data Discovery, Privacy an
1touch.io, a leading provider of data discovery, privacy, and security solutions, today announced it has secured a $14 million Series A round from leading investors, including National Grid Partners (NGP) and Jerusalem Venture Partners (JVP). Additional investors include, Connecticut Innovations, Mindset Ventures, and Ocean Azul Partners. 1touch.io will use the investment to increase the company’s RD and field presence. Pradeep Tagare, vice-president at NGP, will join the company’s board of directors.
1touch.io’s unique, network-based data discovery allows the enterprise to identify, in a continuous, automated, and accurate manner, all data repositories inside the organization that store sensitive data such as PII, PHI and PCI-related, as well as the business processes that access, replicate, move and update such data repositories. This continuous discovery maps such business processes within the organization or across the organization’s perimeter to the cloud; thereby providing a holistic view of how sensitive information is used, while creating a master catalog, enabling heightened security and compliance with GDPR, CCPA, PCI, HIPAA, and other regulations.
“Today’s privacy and security concerns have highlighted the need for organizations to have a granular understanding of the flows of their protected data,” said Zak Rubinstein, founder, and CEO of 1Touch.io. “The need for fully automated, accurate, ongoing, and seamless discovery and categorization extends well beyond privacy into security, governance, and business intelligence, which have been hampered by recent global events.”
Unlike other solutions that require human efforts and significant operational resources but yield only a partial and temporary view of protected data usage, 1touch.io automates security, and compliance requirements, and is not limited by the organizational “awareness” of where the data resides, nor by point-in-time assessment efforts. This provides a complete view of where an organization’s data resides, how it’s handled, accessed, and disseminated, and allows organizations to monitor compliance and security. Read more on PRweb, click here.