Concentric AI announced it has acquired Swift Security and Acante to deliver the industry's first truly end-to-end data
security governance platform. With these acquisitions, Concentric AI now
unifies data security posture management (DSPM), data loss prevention (DLP) and
generative AI (GenAI) governance - spanning structured, unstructured, and
semi-structured data, and cloud and on-premises environments. The platform's
protections now extend across multiple GenAI use cases to secure enterprise
data wherever it lives and however it's used.
These acquisitions amplify the existing capabilities of the
Concentric AI Semantic Intelligence platform and dramatically extend its
protections for enterprise data across all three data states - at rest, in
motion, and in use. The company now goes beyond securing sensitive data in
GenAI assistant deployments such as Microsoft Copilot to uniquely monitoring
and preventing data exfiltration across public GenAI tools such as ChatGPT and
ensuring effective data security governance of proprietary GenAI workloads. The
expanded capabilities include discovering "shadow GenAI," curating data for
GenAI applications developed in-house, and ensuring effective access governance
for these applications.
The newly acquired capabilities are strengthened by the
proprietary AI within the Semantic Intelligence platform that facilitates the
complete and accurate discovery, categorization, classification, risk
monitoring, and protection of enterprise data, all through its unique ability
to understand context.
"Generative AI is rapidly emerging as a critical threat
vector and Concentric AI is rising to meet the challenge," said Karthik
Krishnan, Concentric AI Founder and CEO. "These acquisitions are evidence of
our commitment to our ongoing mission to operationalize data security and
protect our customers' most sensitive data at scale and across all use cases -
from GenAI apps to email, social media, file sharing, and everything in
between. Now organizations can easily govern and fully operationalize data security
across their cloud and on-prem environments, wherever data lives and however it
travels."
Use of GenAI assistants and public and proprietary GenAI
applications is growing rapidly across all industry verticals. While GenAI
brings greater operational efficiencies, improved decision making, and reduced
costs, establishing protections for its use is crucial to prevent data leakage
and ensure compliance with various regulatory compliance frameworks. Concentric
AI's recent acquisitions attest to its commitment to continually evolving and
enhancing its technology to provide a robust data security portfolio for
organizations.
The acquisition of Swift Security allows Concentric AI to
discover when public GenAI applications such as ChatGPT, Perplexity, and
thousands of others are being used, and to provide data security oversight to
ensure appropriate usage. This gives Concentric AI the capability to
effectively monitor sensitive data such as PII/PCI/PHI, business-sensitive
data, IP, and financial data flowing through public GenAI applications,
identify risky behavior, and make informed "allow" or "block" decisions.
The combination of Concentric AI's ability to discover data
with context at a granular level with Swift Security's ability to dynamically
monitor GenAI application usage enables comprehensive and differentiated
capabilities to discover, monitor, govern, and protect sensitive data from
leaking through public GenAI apps. This technology allows security teams to
closely monitor and govern uploads of sensitive data, including prompt inputs,
with these applications. They can also allow data to be uploaded or shared with
these applications with sensitive content masked, or they can prevent data from
being uploaded altogether.
With the acquisition of Acante, Concentric AI can now curate
the data used to train AI/ML models. This enables security teams to exclude,
redact, replace, mask, or encrypt sensitive data to ensure privacy and
compliance. Security teams can also set policies to customize access to
sensitive data by user or group to monitor and ensure appropriate access.
Concentric AI's Semantic Intelligence platform redefines
what's possible for data security governance. Instead of relying on rigid
rules, keywords, or data samples, it uses its patented AI to understand the
context behind structured and unstructured data across cloud and on-premises
environments. This means it can find not only PII, PCI, and PHI with
exceptional accuracy, but also intellectual property and critical business
documents that other tools miss. This result is stronger, more accurate
classifications and access and activity policies within the platform itself,
and across a customer's entire security stack. And with continuous monitoring
and remediation, risks like overpermissioning and misclassified data are
handled automatically.