Concentric Software

Concentric Software, Inc.Founded in 2018 in San Jose, US, Concentric Software, Inc. offers a Data Security Governance Platform designed to automate the protection of sensitive data. The company's founders, Karthik Krishnan, Madhu Shashanka, and Shankar Subramaniam, have backgrounds in technology and entrepreneurship.Concentric AI's primary offering is the Data Security Governance Platform, which provides autonomous data discovery, classification, risk monitoring, and remediation. This platform helps organizations identify and safeguard sensitive information such as personally identifiable information (PII) and payment card information (PCI). The platform is utilized by healthcare organizations, financial institutions, and educational entities to ensure compliance with regulations like HIPAA and PCI DSS.Concentric AI generates its revenue through a subscription-based model for its Data Security Governance Platform, with clients typically signing annual contracts that offer varying service tiers based on their organizational needs.50 mn, which will be utilized to enhance go-to-market strategies and accelerate innovations in data security, Concentric Software, Inc. plans to introduce new features to its Data Security Governance Platform in the upcoming year. Additionally, the company is targeting expansion into new geographic markets, particularly in Europe and Asia, by the end of 2025, aiming to reach a broader clientele in the data-sensitive sectors.

1. Series B

   Oct 24, 2024

   Amount

   $44M

   Investors

   Locked

2. Series A

   May 11, 2022

   Amount

   $15M

   Investors

   Locked