SAN JOSE, Calif.–(BUSINESS WIRE)–Concentric AI, a leading vendor of intelligent AI-based solutions for autonomous data security posture management, today announced that it has earned a Baby Black Unicorn Award for 2022.
Concentric AI competed against many of the industry’s leading providers of cybersecurity products and services for this prestigious award. The term “Black Unicorn” signifies a cybersecurity company that has the potential to reach a $1 billion dollar market value as determined by private or public investment in 1-3 years, and these awards showcase those companies with this kind of incredible potential in the cybersecurity marketplace. Baby Black Unicorns, award program officials predict, could be worth a $1 billion dollar market value in 3-5 years.
“It is rewarding to be honored in the Black Unicorn Awards Program, especially since those recognized were named by an independent panel of cybersecurity industry experts,” said Karthik Krishnan, Founder and CEO, Concentric AI. “Concentric AI’s data security posture management solution (DSPM) gives organizations visibility into their sensitive data across datasets and locations, as well as a consolidated view into the risk associated with inconsistent access privileges, permissions, activity, and location to protect their data from loss. Organizations using Concentric AI benefit from the company’s AI-assisted deep learning autonomous data security solution to reduce their data risk by discovering, evaluating, and remediating security issues.”
Concentric AI secures data-centric work using AI to protect business-critical information hidden in the millions of files and databases used by today’s distributed workforce. The company’s unique deep learning solution autonomously and accurately finds sensitive content, assesses risk, and remediates security issues, allowing organizations across industries to meet their data security needs for the first time.
Concentric AI’s Semantic Intelligence™ automates unstructured and structured data security using deep learning to categorize data, uncover business criticality and reduce risk. Its Risk Distance™ analysis technology uses the baseline security practices observed for each data category to spot security anomalies in individual files. It compares documents of the same type to identify risk from oversharing, third-party access, wrong location, or misclassification. Organizations benefit from the expertise of content owners without intrusive classification mandates, with no rules, regex, or policy maintenance needed.
About Cyber Defense Awards
This is Cyber Defense Magazine’s 10th year of honoring cybersecurity innovators, in this case the Black Unicorn Awards for 2022, on its Cyber Defense Awards platform. In this competition, judges for these prestigious awards include cybersecurity industry veterans, trailblazers and market makers Gary Miliefsky of CDMG, Robert R. Ackerman Jr. of Allegis Cyber, Dino Boukouris of MomentumCyber; and with much appreciation to emeritus judges Robert Herjavec of Herjavec Group, Dr. Peter Stephenson of CDMG and David DeWalt of NightDragon. To see the complete list of finalists and winners for the Black Unicorn Awards for 2022 please visit https://cyberdefenseawards.com/black-unicorn-winners-for-2022/.
About Concentric AI
With Concentric AI, organizations can finally address their unmet data security needs by discovering and protecting business-critical content. Concentric AI protects intellectual property, financial documents, PII/PCI content, customer data, business confidential data and more, across on-premises and cloud-based data stores, as well as messaging and communication applications. The Concentric AI Semantic Intelligence™ Data Security Posture Management solution uses deep learning and Risk Distance™ analysis to accurately categorize data, assess risk, and remediate security issues – without relying on upfront rules or complex configuration. Concentric AI is venture-backed by leading Silicon Valley VCs and is headquartered in San Jose, Calif. For more information, see https://www.concentric.ai.
Concentric AI, Semantic Intelligence™, and Risk Distance™ are or may be registered trademarks of Concentric AI, Inc. All other marks and names mentioned herein may be trademarks of their respective companies.