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London-based One Peak Partners is leading this Series C, with previous investors Susquehanna Growth Equity (SGE), Vertex Ventures Israel, Vertex Growth and Dell Technologies Capital also participating. Israel’s cybersecurity startup scene spawned new entrants in 2019. That’s one reason why investors are here, too.
Check Point Research reports that global cyberattacks increased by 38% in 2022 compared to 2021, and nearly nine in ten company boards told Gartner in a recent survey that they view cybersecurity as a “business risk” rather than solely a technical or IT issue. The popularity comes in part from the rise in cyberattacks.
Cloud security is one of the big drivers among enterprises making IT investments this year, according to a recent report from Gartner , which estimated that some $4.4 trillion in IT spend overall in 2022. The issue that DoControl is tackling is one that has grown with the way that enterprises work today.
By 2025, Gartner estimates that more than 95% of new digital workloads will be deployed on cloud-native platforms, up from 30% in 2021. The move to the cloud, accelerated by the pandemic, continues unabated. The motivation is convenience partly — cloud platforms can be accessed from anywhere, ideal for the remote or hybrid workforce.
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