Security News > 2020 > June > 1touch.io Closes $14 Million Series A Funding Round
Data discovery, privacy and security provider 1touch.io has secured $14 million in Series A funding, which will help it boost R&D and field presence.
Founded in 2017, the Stamford, Connecticut-based startup continuously analyzes traffic and repository stores connected to an organization's network, to help them identify all network elements storing, processing, and sharing personal data, both internally and externally.
The company's solution automatically identifies repositories that contain sensitive data, protected health information, and payment card data), as well as processes that access, replicate, move and update such data repositories.
Inventa, 1touch.io's flagship solution, relies on network analytics, machine learning, and artificial intelligence to automate the discovery and classification of a company's customer data in near real-time, while also aiming to reduce operational overhead, to lower time consumption and costs.
The funding round was led by National Grid Partners and Jerusalem Venture Partners, but saw contribution from other investors as well, including Connecticut Innovations, Mindset Ventures, and Ocean Azul Partners.