1touch.io, a New York-based company specializing in Inventa, a sensitive data intelligence solution, has successfully raised $14 million in Series B funding. The funding round was led by Neotribe Ventures and saw continued support from National Grid Partners, Ocean Azul Partners, and Jerusalem Venture Partners.
The company plans to use the funds to enhance its sales and marketing efforts and increase its market share. 1touch.io is led by CEO Zak Rubinstein and CTO Itzhak Assaraf. Their flagship product, Inventa, is a data discovery and classification solution designed to provide better outcomes across enterprises through a centralized management console. Inventa offers organizations insight into the business value of data, including shadow IT and undiscovered data sources, by automating the discovery process starting at the network-layer and generating a comprehensive, accurate, and up-to-date master inventory. This visibility allows companies of any size to meet security, privacy, and compliance requirements while maximizing their existing investments and enhancing operational efficiency.
Inventa is typically utilized for cloud migration, third-party data sharing, attack surface reduction, DSAR requests, and DLP extension. Since the previous funding round, 1touch.io has experienced significant growth, including over 300% year-to-year revenue growth. This success is highlighted by numerous Fortune 500 customers and global accounts within the financial services, insurance, and hospitality sectors placing the largest orders.