Concentric AI Secures $45M in Series B

Concentric AI, a leader in autonomous data security posture management (DSPM), announced today a new milestone in its growth journey—securing $45 million in a Series B funding round.

With this round, Concentric AI’s total funding now exceeds $67 million, reinforcing its position in the fast-growing AI-driven data security market.

The funding was led by Top Tier Capital Partners and HarbourVest Partners, with participation from CyberFuture, a global CISO investment alliance, and existing investors including Ballistic Ventures, Engineering Capital, Clear Ventures, and Citi Ventures.

This infusion of capital will be used to bolster Concentric AI’s go-to-market strategies and to drive further innovation in data security governance. The move comes as the company has seen a 300% year-over-year growth and has tripled its customer count in just six months.

Clearly, the growing demand for AI-driven data security solutions is paying off for Concentric AI, which offers intelligent, context-aware data discovery, classification, risk monitoring, and remediation.

The backing from Top Tier Capital Partners signals significant confidence in Concentric AI’s future.

“Concentric AI is transforming the way organizations of all sizes protect their mission-critical and private data,” said Garth Timoll Sr., General Partner at Top Tier Capital Partners, who also joins Concentric AI’s Board of Directors. “Top Tier looks to invest in innovative companies with great growth potential. We believe Concentric AI’s leading DSPM solution leveraging AI and natural language processing certainly meets that criteria.”

Barmak Meftah, Co-founder and General Partner at Ballistic Ventures, echoed this sentiment, pointing to the company’s standout technology in the DSPM space.

• “Before leading the Series A round for Concentric AI, we looked at almost all vendors in the broader DSPM space. Concentric AI, by far, has the best AI-driven product, and we always knew the product and the team, led by Karthik Krishnan, are the best in the market.”

The growing demand for data security governance solutions is no accident. Cyberattacks are on the rise, regulatory requirements are tightening, and businesses are increasingly moving to the cloud, all of which have turned data security from a back-burner issue to a top priority for companies worldwide.

It’s no wonder the DSPM and Data Access Governance (DAG) markets are projected to exceed $8 billion by 2027, growing at an annual rate of over 30%. Concentric AI’s platform stands out for its ability to cover both on-prem datacenter and cloud environments, a feature that won over CyberFuture in its evaluation of DSPM vendors.

As companies increasingly adopt generative AI tools like Microsoft Copilot, the need for robust data security solutions becomes more pressing. Concentric AI’s platform offers a way to secure sensitive data across environments, helping businesses manage risks in real-time.

According to Karthik Krishnan, Concentric AI’s Founder and CEO:

“Operationalizing data security remains a huge challenge for enterprises, and Concentric AI has now demonstrated across diverse verticals and companies of all sizes that its Semantic Intelligence solution helps enterprises easily discover, monitor, and protect their most sensitive business-critical data.”

The company’s unique deep learning solution uses natural language processing to autonomously identify sensitive data and address security risks, providing a much-needed solution in a world where data breaches and privacy concerns are on the rise.

Whether it’s intellectual property, financial data, or personal information, Concentric AI promises to secure it all—without the hassle of complex configurations or manual processes.

With this latest funding round, Concentric AI is set to expand its footprint and cement its place as a leader in the AI-driven data security governance space.

And with the backing of heavyweights like Top Tier Capital Partners and HarbourVest Partners, it’s clear that Concentric AI is only just getting started in reshaping the data security landscape.