Concentric Wins Top Startup of the Year Award in 16th Annual IT World Awards Program
Company Honored by International Panel of Judges for Innovative Use of AI and Deep Learning to Autonomously Discover and Protect Structured and Unstructured Business-Critical Data
SAN JOSE, Calif., June 29, 2021 – Concentric Inc., a leading vendor of intelligent AI-based solutions for protecting business-critical data, today announced that The Globee® Awards, organizers of world’s premier business awards programs and business ranking lists, has awarded Concentric a Gold Globee Award as the Top Startup of the Year in the 16th Annual IT World Awards® program. These prestigious global awards recognize information technology and cyber security vendors with advanced, ground-breaking products, solutions, and services that are helping set the bar higher for others in all areas of technology and cyber security. Concentric was honored with its Startup of the Year Gold Globee Award in the Security Software awards category.
“The information technology industry continues to show its resilience,” said San Madan, co-President of Globee Awards. “The tech sector is robust and innovative. And the pandemic has changed the way people live, work, shop, and socialize thereby accelerating demand for newer technologies and innovations everywhere.”
Concentric’s Semantic Intelligence™ automates unstructured and structured data security using deep learning to categorize data, uncover business criticality and reduce risk. Its Risk Distance™ analysis technology uses the baseline security practices observed for each data category to spot security anomalies in individual files. It compares documents with peers in the same category to identify risk from oversharing, third party access, and wrong location or misclassification. Organizations benefit from the expertise of content owners without intrusive classification mandates, with no rules, regex or policy maintenance needed.
“It is an honor to be named as the top Startup of the Year, and to be highlighted by IT World Awards’ select panel of international expert judges,” said Karthik Krishnan, Concentric CEO. “Concentric stands out in the industry due to its use of advanced deep-learning technology to solve the ongoing challenges of unstructured and structured data security – both in the cloud and on-premises. We deliver the industry’s best autonomous data discovery and categorization capability for complete data protection that gives enterprises the tools they need to effectively manage risk. Offered as a SaaS platform, the solution’s time-to-value is days, not months or years as with other solutions.”
More than 65 judges from around the world representing a wide spectrum of industry experts participated in the judging process. The IT World Awards are open to all information technology and cyber security organizations from all over the world, and their end users of products and services. See the complete list of 2021 winners here: https://globeeawards.com/it-world-awards/winners/.
About the Globee Awards
Globee Awards are conferred in eleven programs and competitions: The CEO World Awards®, the Consumer World Awards®, The Customer Sales & Service World Awards®, the Globee® International Best in Business Awards, the Golden Bridge Awards®, the Cyber Security Global Excellence Awards® and Security World Awards, the IT World Awards®, One Planet® American Best in Business Awards, the Globee® Employer Excellence Awards®, the Globee® Corporate Communications & Marketing World Awards, and the Women World Awards®. Honoring organizations of all types and sizes and the people behind their success, the Globee Awards recognize outstanding achievements and performances in businesses worldwide. Learn more about the Globee Awards at https://globeeawards.com.
With Concentric, organizations can finally address their unmet data security needs by discovering and protecting business critical content. Concentric protects intellectual property, financial documents, PII/PCI content, customer data, business confidential data and more, across on-premises and cloud-based data stores. The Concentric Semantic Intelligence™ Data Access Governance solution uses deep learning and Risk Distance™ analysis to accurately categorize data, assess risk and remediate security 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.
Concentric, Semantic Intelligence™ and Risk Distance™ are or may be registered trademarks of Concentric AI, Inc. All other marks and names mentioned herein may be trademarks of their respective companies.