SAN JOSE, Calif.--(BUSINESS WIRE)--During Black Hat USA 2020 Virtual Conference, Concentric Recognized for Unique Ability to Automate Unstructured Data Security Using Deep Learning
Concentric Inc., a leading vendor of intelligent AI-based solutions for protecting business-critical data, today announced that is has been named a Top 100 Cybersecurity Startup for 2020 by Cyber Defense Magazine this week during the Black Hat USA 2020 virtual conference.
“We’re pleased to name Concentric as a winner among the Top 100 Cybersecurity Startups for 2020 in our second annual Black Unicorn awards,” said judges Robert R. Ackerman Jr. of www.allegiscyber.com, David DeWalt of www.nightdragon.com and Gary Miliefsky of www.cyberdefensemediagroup.com. “This award showcases those companies like Concentric with this kind of incredible potential in the cybersecurity marketplace.”
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.
“We are proud to be recognized as one of this year’s top cybersecurity startups by Cyber Defense Magazine and its distinguished panel of judges,” said Karthik Krishnan, Concentric CEO. “We’re recognized across the industry for our innovative use of AI to discover and protect business-critical unstructured data without rules or complex policies. We prevent data loss by autonomously identifying and remediating oversharing and other data security risks.”
Concentric competed against many of the industry’s hot startups in cybersecurity for this prestigious award. Cyber Defense Magazine searched the globe and found more than 3,200 cybersecurity companies with nearly 30 percent in the startup range having been incorporated within the last 36 months or releasing their first round of innovative cybersecurity products and services.
About Cyber Defense Awards
This is Cyber Defense Magazine’s 8th year of honoring cybersecurity innovators, in this case the Black Unicorn Awards for 2020 on its Cyber Defense Awards platform. In this competition, judges for these prestigious awards included cybersecurity industry veterans, trailblazers and market makers Gary Miliefsky of CDMG, Robert R. Ackerman Jr. of Allegis Cyber and David DeWalt of NightDragon, with much appreciation to emeritus judge Robert Herjavec of Herjavec Group. To see the complete list of Top 100 Cybersecurity Startups for 2020 please visit https://cyberdefenseawards.com/top-100-cybersecurity-startups-for-2020/
About Cyber Defense Magazine
Cyber Defense Magazine was founded in 2012 by Gary S. Miliefsky, globally recognized cyber security thought leader, inventor and entrepreneur, and continues to be the premier source of IT security information. It is managed and published by and for ethical, honest, passionate information security professionals. Its mission is to share cutting-edge knowledge, real-world stories and awards on the best ideas, products and services in the information technology industry. It delivers electronic magazines every month online for free, and limited print editions exclusively for the RSA, Black Hat and IPEXPO conferences, and its limited edition paid reprint subscribers. Learn more at http://www.cyberdefensemagazine.com. Cyber Defense Magazine is a proud member of the Cyber Defense Media Group.
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
Concentric and Semantic Intelligence™ are or may be registered trademarks of Concentric AI, Inc. All other marks and names mentioned herein may be trademarks of their respective companies.