Founded in 2016 close to Boston, MA, the firm has raised so far $25 million in 2 rounds. They also acquired 2 companies Seven10 Software and NextGen Storage respectively in 2020 and 2017. Seven10 was absorbed to improve the data migration services offering with StorFirst, a well recognized virtual file system, on top of file servers, object storage instances and CAS solutions. In 2022, Park Place Technologies has purchased the StorFirst software platform from Congruity360.
The product Classify360 targets unstructured data and groups several key functions enterprises must adopt like storage optimization, cloud migration, data protection, DSPM for Data Security Posture Management, AI enablement and GRC for Governance, Risk & Compliance. They compete against several point solutions but also a few integrated ones and the market is rich in this domain as the pain exists for a few decades, being even more critical with a fast growing unstructured data volume for the last 2 decades.
It works with 3 simple efficient steps. The 1st obvious step is based on the knowledge of the environment with files, folders and content analysis, then a classification phase leveraging supervised machine learning followed by some actions fueled by a series of policies to delete, tag, move, secure, deduplicate, encrypt, alert or other custom operations.
The product works with several data sources like file servers supporting NFS and SMB but also object storage with S3 and collaboration solutions such as Office365, Google Workspace, Microsoft Exchange, OneDrive & Azure, Box, Slack, NetApp, Dell EMC...
The company plans to announce product iterations to extend data governance based on AI and DSPM. We'll learn more about this very soon now.
In terms of business model, Congruity360 sells only via channel partners.
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