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Concentric Ai Raises Series A Funding Led By Ballistic Ventures To Autonomously Secure Business-Critical Data

Concentric Ai Raises Series A Funding Led By Ballistic Ventures To Autonomously Secure Business-Critical Data

05/11/22, 12:00 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgsan jose
Money raised
$14.5 million
Round Type
series a
Concentric Inc., a leading vendor of intelligent AI-based solutions for protecting business-critical data, announced today it has raised $14.5 million in Series A funding. Led by Ballistic Ventures, a new VC firm solely dedicated to advising and funding early-stage cybersecurity startups, this investment targets the $19B market for data security, access governance, and loss prevention. Citi Ventures also participated in the round as a strategic investment, as did current investors Core Ventures Group, Engineering Capital, and Clear Ventures.

Company Info

Company
Vendor
Location
san jose, california, united states
Additional Info
Together we’ll establish Concentric as one of the industry’s leading cybersecurity players.”With these investments, the company will grow its existing roster of corporate customers through expanded sales and marketing efforts and extend its solution to protect an expanding menu of content, locations, and use cases.About Ballistic VenturesBallistic Ventures is solely dedicated to early-stage cybersecurity and cyber-related companies.