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

Oct 28, 2024

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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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.