$14m Growth Fund for Personal Data Platform 1touch.io

Personal data discovery, analytics, privacy and security platform 1touch.io has raised $14m in a Series A round of funding, for use in platform development and customer acquisition.

From its offices in Stamford, Connecticut in the US and Beer Sheva in Israel, 1touch.io helps companies understand and reduce their privacy and security risks by uncovering hidden uses of personal data. The company's flagship product Inventa provides an automated AI data discovery, mapping and tracking system that uses natural language processing and network analysis to enable public and private sector clients to securely maintain private data on 'civilians'.

New funding has been led by National Grid Partners (NGP) and Jerusalem Venture Partners (JVP), with participation from Connecticut Innovations, Mindset Ventures and Ocean Azul Partners. This latest round brings 1touch.io's total raised to $16m, and a portion of it will be spent on growing headcount from 33 to 65 'by 2021'.

Zak Rubinstein (pictured), founder and CEO of 1touch.io, comments: 'To achieve customer value, we will be investing in more people to deliver it in all parts of the organization. We are humbled by this investment and will continue to seek guidance from our customers and users to deliver the best 'PrivSec' technology in the market'.

Web site: www.1touch.io .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.