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Concentric AI Secures $45 Million in Series B Funding with Top Tier Capital Partners and HarbourVest Partners

Oct 28, 2024•over 1 year ago

Contract Type

partnership

San MateoInformation TechnologySoftwareArtificial IntelligenceMachine LearningNatural Language Processing

Description

Concentric AI, a leading vendor of intelligent AI-based solutions for autonomous data security posture management, has secured $45 million in a Series B funding round, bringing the company’s total funding to over $67 million. The funding was led by Top Tier Capital Partners and HarbourVest Partners, along with participation from CyberFuture, Ballistic Ventures, Engineering Capital, Clear Ventures, and Citi Ventures.

Company Information

Company

Concentric AI

Location

San Mateo, California, United States

About

Concentric AI is a leading vendor of intelligent AI-based solutions for autonomous data security posture management (DSPM). The company focuses on transforming how organizations protect sensitive and mission-critical data across diverse environments. With a rapid growth trajectory, Concentric AI's innovative approach leverages AI and natural language processing to enhance data security governance. Their solutions are designed to meet the evolving needs of data protection in the face of increasing complexities in data management.

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