Concentric Inc., a leading vendor of intelligent AI-based solutions for protecting business-critical data, announced that The Globee Awards, organizers of the 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.
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“Concentric wins top Startup of the Year Award in 16th Annual IT World Awards Program for innovative use of AI and Deep Learning to autonomously discover and protect structured and unstructured business-critical data.”
“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.
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“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.”