Aware: Company Focused Market Research Report



Company Overview



Name: Aware

Mission of the Company: Aware aims to transform digital conversation data into real-time insights that uncover risk and deliver organizational intelligence, thus creating a secure and compliant environment for enterprise communications tools.

Founded: 2017

Founder: No information is available.

Key People:
  • Jeff Schumann, Chief Executive Officer & Co-Founder

  • Debasish Biswas, Chief Technology Officer

  • Matt Pasternack, Chief Product Officer

  • Kevin Colón, Chief Revenue Officer

  • Brian Mannion, Chief Legal and Data Protection Officer

  • Kevin Bobowski, Chief Marketing Officer

  • Dan Kaltenbach, Chief Financial Officer

  • Amanda Holcombe, Head of Customer Success

  • Jeff Spridgeon, SVP, Strategic Partnerships & Corporate Development


Headquarters: 455 S. Ludlow Street, Columbus, OH 43215

Number of Employees: Around 60.

Revenue: No information is available.

What is the Company Known For: Aware is known for its AI-powered collaboration security platform, which provides insights into digital conversation data to uncover risks and ensure compliance on platforms like Slack, Microsoft Teams, and Zoom.

Products



Aware Platform:
Aware's platform provides a comprehensive solution for managing data governance, security, and organizational insights from collaboration data.

Key Features:
  • Data Ingestion: Continuous ingestion of unstructured message data from various platforms.

  • Content Normalization: Unifies different forms of communication into a standardized format.

  • Machine Learning Operations: Enrichment of data with proprietary AI/ML for more detailed insights.

  • Data Governance: Provides robust security with role-based access control (RBAC) and complies with regulations like SOC2, ISO, GDPR, and CCPA.


Individual Solutions:
1. Sensitive Data Loss: Identifies and protects against sharing of sensitive data like PII, PCI, and PHI across collaboration tools.
2. Compliance Monitoring: Ensures compliance with regulations like HIPAA, GDPR, and FINRA by monitoring and analyzing communication data.
3. Human Risk: Detects behaviors that indicate insider threats, sabotage, fraud, or toxic workplace environments.
4. Acceptable Use Policies: Automates enforcement of acceptable use policies to protect the company's brand and employee conduct.
5. Insider Risk Management: Monitors user activities to detect data theft, sabotage, and fraud.
6. Data Exfiltration: Identifies attempts to remove data from collaboration platforms without proper authorization.
7. Phishing Detection: Scans messages for malicious links and potential phishing attempts.
8. Password Detection: Detects risky password-sharing behaviors to prevent security breaches.
9. Code Detection: Identifies unauthorized sharing of code snippets.

Recent Developments



Acquisition:
  • Mimecast Acquisition: Mimecast acquired Aware as part of its strategy to bolster its AI-powered human risk management capabilities.


Funding:
  • Series C Funding: Aware raised $60 million in Series C funding led by Goldman Sachs. The funds will be used to scale AI-driven solutions for collaboration governance and data insights.


Product Enhancements:
  • Generative AI Summaries: Aware introduced AI-powered summaries to provide actionable takeaways from communication ecosystems.

  • Advanced Automated Workflows: Launched to transform digital workplace conversations into enterprise workflows, thus closing the gap between analytics and operations.


New Partnerships:
  • WorkJam Partnership: Aware partnered with WorkJam to provide enhanced data protection and governance for front-line workers.


Platform Capabilities:
  • Real-time Compliance Monitoring: Allows for the continuous monitoring of compliance across collaboration platforms such as Slack, Teams, and Zoom.

  • Data Retention & Preservation: Enables granular control over data retention policies, legal holds, and data purging, ensuring regulatory and legal compliance.

  • AI-Powered Risk Detection: Employs advanced natural language processing (NLP) and machine learning models to accurately identify and mitigate security risks in real time.

  • Sentiment & Behavioral Analysis: Leverages NLP models to understand organizational sentiment and health, providing insights into employee well-being and workplace culture.


This encapsulates Aware's current operational profile, technological advancements, recent strategic moves, and key offerings, providing an in-depth look at their strategies and market positioning.