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Concentric AI raised $45M in a Series B round led by Top Tier Capital Partners and HarbourVest Partners to expand its go-to-market strategies in the rapidly growing DSPM market.

PRIVATEOct 24, 2024

Amount Raised

$45 Million

Round Type

Series B

San MateoInformation TechnologySoftwareArtificial IntelligenceMachine LearningNatural Language Processing

Investors

Engineering CapitalBallistic VenturesClear VenturesCiti VenturesCyberFutureHarbourVest PartnersCyber FutureTop Tier Capital PartnersHarbour Vest Partners

Description

Concentric AI announced today that it has secured $45M in financing through a Series B round, bringing its total funding to over $67 million. This investment will allow Concentric AI to accelerate its data security innovations and strengthen its leadership in the AI-driven Data Security Governance market.

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.

Fundz sees it the moment Concentric AI raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

Concentric AI raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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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.