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If “Data is the New Oil” then data security is more important than ever. The Concentric team knew helping companies deal with a fundamental question would be the foundation of their vision: how to classify the sensitivity of your data no matter where it exists. In their own words:
When we started Concentric AI five years ago, it was obvious that enterprises had a massive data security problem. On one hand, data volumes were growing, data was sprawled across their environments – both cloud and on-premises – and the nature of business-critical data spanned the gamut from IP to financial data to business confidential data to PII/PCI/PHI. And on the other hand, customers were still relying on age old techniques – from cumbersome rule writing to pattern matching to complex policies just to answer basic questions on where their sensitive data might be. It also meant that if you don’t know what you have, you can’t protect it.
And now, in 2023, the problem is bigger and more urgent than ever - which is why Concentric has grown 300% year-over-year and tripled its customer base in six months.
To meet the enthusiastic market demand the company is also announcing a $45 million Series B fundraise. And of course, they’re hiring.