SAN JOSE, Calif., Aug. 5, 2020ย โ Concentric Inc., a leading vendor ofย intelligent AI-based solutionsย for protecting business-critical data, today announced that is has been named a Top 100 Cybersecurity Startup for 2020 by Cyber Defense Magazine this week during the Black Hat USA 2020 virtual conference.
โWeโre pleased to name Concentric as a winner among the Top 100 Cybersecurity Startups for 2020 in our second annual Black Unicorn awards,โ said judges Robert R. Ackerman Jr. ofย www.allegiscyber.com, David DeWalt ofย www.nightdragon.comย and Gary Miliefsky ofย www.cyberdefensemediagroup.com. โThis award showcases those companies like Concentric with this kind of incredible potential in the cybersecurity marketplace.โ
Concentricโs Semantic Intelligenceโข automates unstructured data security using deep learningย to categorize data, uncover business criticality and reduce risk. The solution uses the baseline security practices observed for each data category to calculate a โrisk distanceโ from the baseline to each individual form or file within a company. Risk distance reveals inappropriate sharing, risky storage locations and incorrect classifications โ all without regex, rules or upfront policy configuration. Concentric works autonomously to reduce staff demands required to secure data, while providing continuous protection.
โWe are proud to be recognized as one of this yearโs top cybersecurity startups by Cyber Defense Magazine and its distinguished panel of judges,โ said Karthik Krishnan, Concentric CEO. โWeโre recognized across the industry for our innovative use of AI to discover and protect business-critical unstructured data without rules or complex policies. We prevent data loss by autonomously identifying and remediating oversharing and other data security risks.โ
Concentric competed against many of the industryโs hot startups in cybersecurity for this prestigious award. Cyber Defense Magazine searched the globe and found more than 3,200 cybersecurity companies with nearly 30 percent in the startup range having been incorporated within the last 36 months or releasing their first round of innovative cybersecurity products and services.
About Cyber Defense Awards
This is Cyber Defense Magazineโs 8th year of honoring cybersecurity innovators, in this case the Black Unicorn Awards for 2020 on its Cyber Defense Awards platform. In this competition, judges for these prestigious awards included cybersecurity industry veterans, trailblazers and market makers Gary Miliefsky of CDMG, Robert R. Ackerman Jr. of Allegis Cyber and David DeWalt of NightDragon, with much appreciation to emeritus judge Robert Herjavec of Herjavec Group. To see the complete list of Top 100 Cybersecurity Startups for 2020 please visitย https://cyberdefenseawards.com/top-100-cybersecurity-startups-for-2020/
About Cyber Defense Magazine
Cyber Defense Magazine was founded in 2012 by Gary S. Miliefsky, globally recognized cyber security thought leader, inventor and entrepreneur, and continues to be the premier source of IT security information. It is managed and published by and for ethical, honest, passionate information security professionals. Its mission is to share cutting-edge knowledge, real-world stories and awards on the best ideas, products and services in the information technology industry. It delivers electronic magazines every month online for free, and limited print editions exclusively for the RSA, Black Hat and IPEXPO conferences, and its limited edition paid reprint subscribers. Learn more atย http://www.cyberdefensemagazine.com. Cyber Defense Magazine is a proud member of the Cyber Defense Media Group.
About Concentric
Concentric discovers and protects business critical content stored in unstructured data, which according to Gartner represents 80 percent of all corporate data. Concentric protects organizationsโ most sensitive data, including intellectual property, financial documents, PII/PCI content in documents, business confidential data (strategy plans, product roadmaps, contracts, blueprints); and private data stored in Office365/Sharepoint, Windows file shares, Box, Google Drive, Dropbox, etc. The Concentric Semantic Intelligenceโข solution uses deep learning to develop a semantic level understanding of the content in each document and leverages that data to discover business sensitive content, surface high risk data, and remediate issues without relying on upfront rules or complex configuration. Concentric is venture backed by leading Silicon Valley VCs and is headquartered in San Jose, Calif. For more information, seeย https://concentric.ai/who-we-are/.