What is Concentric AI?
Concentric AI operates in the data security sector, offering a Software-as-a-Service (SaaS) platform that leverages deep learning to automate the discovery, classification, and risk assessment of sensitive data. Their solution aims to provide organizations with enhanced data security posture management and access governance, enabling them to identify and remediate potential security issues proactively. The company's technology is designed to address the complexities of modern data environments, helping businesses maintain compliance and protect critical information.
How much funding has Concentric AI raised?
Concentric AI has raised a total of $67M across 3 funding rounds:
Unspecified
$7.5M
Series A
$14.5M
Series B
$45M
Unspecified (2020): $7.5M with participation from Clear Ventures, Core Ventures, Homebrew, and Engineering Capital
Series A (2022): $14.5M led by Clear Ventures, City Ventures, Core Ventures Group, Engineering Capital, and Ballistic Ventures
Series B (2024): $45M supported by Top Tier Capital Partners, HarbourVest, CyberFuture, and Citi
Key Investors in Concentric AI
Top Tier Capital Partners
Top Tier Capital Partners is an investment manager specializing in venture capital, with a focus on primary commitments to venture funds, LP and direct secondaries, and direct investments. They support top investors and innovators through their deep networks and industry insights.
HarbourVest
HarbourVest Partners provides clients with private markets investment solutions through fund investing, secondary, and direct co-investments. HarbourVest is headquartered out of Boston, Massachusetts.
CyberFuture
CyberFuture, established by Elron Ventures, connects cybersecurity leaders to collaborate with entrepreneurs shaping the future of cybersecurity, focusing on early-stage ventures and providing mentorship.
What's next for Concentric AI?
The substantial enterprise-level funding and recent strategic investment signal a pivotal phase for Concentric AI. This capital infusion is expected to fuel further product development, expand market reach, and enhance sales and marketing efforts. The company's focus on AI-driven data security positions it to capitalize on the increasing demand for advanced solutions in an evolving threat landscape. Concentric AI is poised to scale its operations, solidify its market leadership, and continue innovating in the critical domain of data protection and access governance.
See full Concentric AI company page
