Concentric AI Secures $45 Million in Series B Round to Revolutionize Data Security for Every Business

Concentric AI is thrilled to announce a significant funding milestone, having raised $45 million in a recent financing round led by prominent investors in the tech space. In an era where data is abundant and increasingly difficult to manage, securing sensitive information stored in unstructured formats has become critical for organizations across the globe. While Chief Information Officers excel in securing structured data within databases, the same level of confidence often eludes them when faced with contracts, financial documents, and source code. This gap in data security presents an immense challenge, one that Concentric AI is dedicated to solving. Our innovative semantic intelligence solution offers an autonomous approach that goes beyond traditional keyword searches and user classifications. By understanding the meaning behind both structured and unstructured data, Concentric AI empowers organizations to identify and assess risks in real time, ensuring the protection of business-critical information scattered across various platforms. The funds raised will be pivotal in enhancing our technology, expanding our team, and furthering our mission to provide organizations with the tools they need to combat data loss, comply with regulatory requirements, and fortify their data security measures. As we navigate a landscape of escalating cyber threats and stringent compliance demands, Concentric AI stands at the forefront of the data security revolution, committed to delivering innovative solutions that safeguard the future of corporate data.