Concentric AI Achieves 200-percent Growth in 2023 as Leader in Data Security Posture Management

The company continues to see significant rising sales traction across the board, particularly in industries with heightened data security and compliance concerns, including healthcare, financial services, energy, manufacturing, education, and high tech.

Concentric AI, a leading vendor of intelligent AI-based solutions for autonomous data security posture management (DSPM), today announced a record year for 2023, which saw customer count triple and sales grow by 200 percent over 2022. The company continues to see significant rising sales traction across the board, particularly in industries with heightened data security and compliance concerns, including healthcare, financial services, energy, manufacturing, education, and high tech.

Concentric AI achieves 200-percent growth in 2023 as leader in Data Security Posture Management; including tripling customer count over 2022

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During 2023 Concentric AI continued to grow in AI-based data security expertise and leadership, including welcoming industry veteran Marcus Bragg to its Board of Directors. Mr. Bragg has more than 20 years of leadership experience in customer focused GTM design, talent management, sales, marketing, and customer success. Most recently, he was Chief Operating Officer of Netlify. Previously, Mr. Bragg served as Chief Operating Officer of AlienVault, seeing the company through its successful acquisition by AT&T. He also served as SVP of worldwide sales and customer success at Zendesk, where he helped grow the company from $70M to $300M in revenue and through one of 2014’s most successful IPOs.

Concentric AI secures data-centric work using AI to protect business-critical information hidden in the numerous applications, data stores and databases used by today’s distributed workforce. The company’s unique deep learning solution autonomously and accurately identifies sensitive data, assesses risk, and remediates security issues, allowing organizations across industries to meet their data security needs for the first time.

“Data remains a vulnerable threat surface,” said Karthik Krishnan, Concentric AI CEO. “Data Security Posture Management solutions like Concentric AI’s Semantic Intelligence™ are an important technology to help protect mission critical enterprise data across structured and unstructured data, as well as email and messaging applications. We are thrilled to uniquely help customers at petabyte scale to accurately protect their data without requiring a large amount of upfront or ongoing work.”

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