SAN JOSE, Calif., Sept. 30, 2020 — Concentric Inc., a leading vendor of intelligent AI-based solutions for protecting business-critical data, today announced that its Semantic Intelligence™ solution has been named the industry’s most Innovative Product of the Year in the American Cyber Awards program.
Concentric’s Semantic Intelligence automates unstructured data security using deep learning to categorize data, uncover business criticality and reduce risk. The solution uses the baseline security practices observed for each data category to calculate a “risk distance” from the baseline to each individual form or file within a company. Risk distance reveals inappropriate sharing, risky storage locations and incorrect classifications – all without regex, rules or upfront policy configuration. Concentric works autonomously to reduce staff demands required to secure data, while providing continuous protection.
The American Cyber Awards were established to shine a spotlight on the most innovative and successful people, teams and products in cybersecurity in America. The program is totally independent with no affiliation to any magazines, organizations, or products. As a result, its industry leading judges are able to make all their decisions on merit alone. Concentric won its American Cyber Award in the Innovative Product of the Year awards category. For the complete list of winners, see https://www.americancyberawards.com/2020-winners/.
“It is rewarding to be named the industry’s most Innovative Product of the Year in the American Cyber Awards program by its distinguished panel of judges,” said Karthik Krishnan, Concentric CEO. “Concentric uses AI to uniquely discover and protect organizations’ most sensitive and business critical content stored in unstructured data. Our innovative approach prevents data loss by autonomously identifying and remediating oversharing and other data security risks, and is being deployed by organizations in a variety of industries.”
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 organizations’ 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 Intelligence™ 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, see https://www.concentric.ai/who-we-are.
