DocAuthority has successfully raised $3.25 million in Series A-1 funding led by AXA Venture Partners to further its growth and expansion in the data governance sector.

Information on the Target

DocAuthority is a leading data governance platform designed to cater to both technical teams and business users. Established in 2015 and headquartered in Ra’anana, Israel, with additional offices in London and Atlanta, Georgia, DocAuthority provides powerful solutions for managing unstructured data within enterprises. The company's software plays a crucial role in organizations' data governance programs, enabling them to identify and manage regulated or commercially-sensitive information efficiently. Chief Revenue Officer Colin Woodland emphasizes that understanding data access and location is vital for mitigating risks associated with data security.

DocAuthority's innovative approach allows customers to enhance security by identifying vulnerabilities that may be exploited by malicious actors. The platform also aids companies in identifying redundant and outdated files, ultimately leading to reduced data storage costs. As Woodland points out, “We think of ourselves as a profit center for our customers,” showcasing the value that DocAuthority brings to its clientele.

Industry Overview in the Target’s Specific Country

The data governance sector in Israel is rapidly evolving, driven by an increasing awareness of data privacy laws and regulations. The implementation of stringent privacy laws like GDPR, CCPA, and LGPD worldwide has height