Concentric AI Recognized for Innovation and Pioneering Efforts to Advance Data Security with Additional Patent for AI-Powered Data Security Governance

New Patent ‘Methods and Systems for Clustering Documents based on Semantic Similarity’ Protects Company’s Industry Lead in Grouping of Sensitive Data Based on Semantic Context

SAN JOSE, Calif.--(BUSINESS WIRE)--Concentric AI today announced earning yet another new patent, recognizing the company’s continued innovation and pioneering efforts to advance data security. This patent furthers the company’s industry lead over the competition in AI-based discovery and grouping of sensitive data.

The newly granted patent, “Methods and Systems for Clustering Documents based on Semantic Similarity,” protects existing intellectual property for Concentric AI’s Semantic Intelligence™ data security governance platform. It recognizes the unique way the technology groups documents based on semantic context and how it uses that information to help manage customers’ vast data repositories.

This new patent award comes on the heels of the recently announced “Method and Electronic Device for Managing Sensitive Data based on Semantic Categorization” patent, which encompasses the way Concentric AI’s platform assigns appropriate sensitivity classification labels based on semantic context, as well as how it accurately detects personally identifiable information (PII) and PII persona based on semantic categorization.

“Today’s announcement of this patent is a recognition of our continued foundational and novel efforts in tackling real data security problems that organizations face,” said Karthik Krishnan, Concentric AI Founder and CEO. “We are advancing our state-of-the-art technology with our ability to accurately discover, classify, monitor, and remediate vast document repositories that may include sensitive data types to help protect customers’ data and reduce risk. The ability to leverage data context to group semantically similar records with extreme accuracy sets us apart in the industry, and this patent award demonstrates our commitment to pushing the boundaries of technology and innovation for customers.”

Concentric AI’s now patent-protected industry-first technology understands the context of data and utilizes this capability to group similar documents with unmatched accuracy. Knowing the semantic context of a data record, such as a contract in the legal industry, a tax form in financial services, or a workers’ compensation claim in the insurance field, is a unique strength of Concentric AI, and this patent expands its IP portfolio in recognizing and securing documents unique to customers’ environments.

Legacy methods of employing regex pattern matching to group sensitive data or relying on users to appropriately label sensitivity levels to data is error-prone and ineffective. In addition, the unstructured nature of data poses significant challenges for security teams, who must balance accessibility by authorized users and securing this sensitive data. Protected by its portfolio of awarded patents, Concentric AI’s unique approach understands the semantics of the content within each data record to group similar documents together – without manual user effort or ineffective rules – to help manage and secure entire repositories. It especially helps clients discover, classify, monitor, and remediate various types of data records that are unique to their environments.

Unlike other data security tools, Concentric AI’s Semantic Intelligence data security governance solution scans organizations’ data records in their entirety. Its proprietary AI technology understands context to identify not just PII, PCI, and PHI data, but also more difficult types of sensitive data, including intellectual property and critical business documents. After discovery, it can identify the most appropriate classification category and autonomously tag the data. In addition, Semantic Intelligence monitors and autonomously identifies risks to sensitive data due to inappropriate permissions, wrong entitlements, and risky sharing. It can automatically remediate permissions and sharing issues or leverage other security solutions and cloud APIs to quickly and continuously protect at-risk data.

About Concentric AI

Concentric AI is intelligent data security made easy. Its AI-powered platform simplifies data management, helping businesses discover sensitive data, remediate risk, eliminate duplicates, and maintain compliance across cloud and on-premises environments. The solution provides clear insights into where data resides, who's accessing it, how it's being shared, and empowers organizations to take remediation actions. With co-managed services, Concentric AI handles the heavy lifting while organizations stay in control—defining policies, managing risks, and running reports on demand. From reducing costs to preventing data leaks, Concentric AI ensures your data works for you, not vice versa. Concentric AI is venture-backed by leading Silicon Valley VCs and is headquartered in San Jose, Calif. For more information, see https://www.concentric.ai.

Concentric AI, 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.