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Concentric Ai Raises Series A Funding Led By Ballistic Ventures To Autonomously Secure Business-Critical Data

PRIVATEMay 11, 2022

Amount Raised

$14.5 Million

Round Type

Series A

San MateoInformation TechnologySoftwareArtificial IntelligenceMachine LearningNatural Language Processing

Description

Concentric Inc., a leading vendor of intelligent AI-based solutions for protecting business-critical data, announced today it has raised $14.5 million in Series A funding. Led by Ballistic Ventures, a new VC firm solely dedicated to advising and funding early-stage cybersecurity startups, this investment targets the $19B market for data security, access governance, and loss prevention. Citi Ventures also participated in the round as a strategic investment, as did current investors Core Ventures Group, Engineering Capital, and Clear Ventures.

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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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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

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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