What is Concentric AI?
Concentric AI operates as a SaaS-based provider of data security posture management and access governance solutions. Leveraging deep learning technology, the company automatically discovers and classifies sensitive data, identifies associated risks, and facilitates the remediation of security issues. This intelligent approach to data security aims to provide organizations with enhanced visibility and control over their most critical information assets, addressing the growing challenges of data sprawl and evolving cyber threats.
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, Engineering Capital, and Homebrew
Series A (2022): $14.5M led by Ballistic Ventures, Core Ventures Group, Clear Ventures, City Ventures, and Engineering Capital
Series B (2024): $45M supported by CyberFuture, Citi, Top Tier Capital Partners, and HarbourVest Partners
Key Investors in Concentric AI
CyberFuture
CyberFuture, an Elron Ventures micro fund, connects cybersecurity leaders with early-stage ventures, offering mentorship and networking to shape the future of cybersecurity. They focus on integrity and professionalism while supporting startups in achieving product-market fit and accessing global markets.
Citi
Citibank NA is a multinational financial services corporation offering a wide range of banking and financial loan services, founded in 1812.
Top Tier Capital Partners
Top Tier Capital Partners is an investment manager specializing in venture capital, focusing on primary commitments to venture funds, LP and direct secondaries, and direct investments, with a history of over 160 global investments.
What's next for Concentric AI?
The substantial enterprise-level funding, particularly the recent strategic investment, positions Concentric AI for accelerated growth and market expansion. This capital infusion is likely to be directed towards enhancing its AI-driven data security platform, expanding its sales and marketing efforts, and potentially exploring new market segments or partnerships. The company's focus on automated data discovery and risk remediation aligns with the increasing demand for sophisticated, AI-powered cybersecurity solutions, suggesting a strong trajectory for future development and market penetration.
See full Concentric AI company page
