About IaxaI
The translation layer for incompatible data systems.
Started in banking. Works in any regulated industry. Concord is the engine that finally makes your security tools talk to each other.
Why Concord exists
Every year, thousands of regulated organizations face the same bad choice. Spend millions on enterprise security tools built for Fortune 50 budgets. Or duct-tape together cheap solutions and cross your fingers.
A $500 million community bank, the kind where the loan officer remembers your kid's name, gets told they need a “security program.” So they buy a SIEM. Then a fraud tool. Then a compliance platform. Then an identity solution. Five vendors. Five dashboards. Five streams of alerts. One IT director trying to make sense of it all.
The same thing happens at a 500-employee SaaS company staring down SOC 2. At a regional insurance carrier facing NAIC. At a health-tech company dodging HIPAA fines. At a defense contractor running CMMC assessments. At an MSSP trying to run all of this across 30 client environments at once. Different regulators, same root cause: the tools do not share data, so nobody can prove that Tuesday's authentication alert connects to Wednesday's suspicious activity connects to Thursday's compliance requirement. That connection exists only in someone's memory. Or a spreadsheet nobody updated since March.
Concord fixes this.
Meet the founders
50+ combined years across banking, energy, healthcare, telecom, retail, and AWS-scale platform engineering. We did not read about the tool-sprawl problem in a blog post. We lived it.
Mike Hancock
Founder & CEO
30 years in IT, 20 years running cybersecurity programs. Ran security engineering at Cadence Bank and Regions Bank. Managed SCADA networks for Energen/Alagasco in energy. Sr Network Engineer at Source Medical in healthcare. Ran a NOC at NorthStar in telecom. Led teams of 5 managing 300+ business applications.
CISSP, CCSP, Palo Alto, Fortinet NSE 1-3, MCSE. Invented the Semantic Translation Engine and Entity Resolution Engine that power Concord's cross-tool correlation. Built the MVP.
Kyle Scott
Co-founder & CTO
20+ years platform engineering. MS in Software Engineering from the University of Minnesota. Spent 6.5 years at AWS: Engineering Manager of 24 engineers, Lead Architect on a $1T customer platform running sub-millisecond latency at 1M+ users per node, Practice Manager who built a $100M+ pipeline from zero. AWS Bar Raiser, 300+ interviews.
Before AWS: Sr Manager of Web Operations at Best Buy (Black Friday scale), Director of IoT Cloud at Digi International (500K+ devices), Director of Engineering at Thomson Reuters (30+ SaaS products across US/UK/Asia). Served tech, automotive, manufacturing, healthcare, life sciences, and financial services verticals at AWS. Refines and scales everything Mike invents.
What we believe
Simplicity beats complexity.
The security industry sells complexity. More dashboards. More acronyms. More consultants to explain the consultants. The best answers are simple. One screen showing what matters. Setup measured in hours, not fiscal quarters. When a CEO asks “Are we secure?”, the answer should not require an interpreter.
Compliance opens the door. Security is the house.
For regulated organizations, audits are not theoretical risks. They are calendar events. Every 12 to 18 months, the auditor arrives — whether it is an FFIEC examiner, a SOC 2 assessor, an OCR investigator, or a NAIC reviewer. We lead with compliance because that is what keeps leadership awake at 2 AM. But compliance without real security is theater. Concord handles both: pass your audit and actually protect your institution.
Your data stays on your network.
Banks, hospitals, defense contractors, and insurance carriers hold the most sensitive data that exists. The moment that data leaves your network, you lose control. Concord runs locally first. Our AI models run on your hardware. Your security events never touch our servers. You decide what leaves your building.
One view. One truth.
Attackers do not care about your org chart. The criminal who steals an employee's password is running one attack across your artificial walls between security, detection, and compliance. Concord connects what should never have been split apart.
Why “Concord”
The word means agreement. Harmony. Multiple parties finding common ground. That is what we are building. Agreement between the chaos of security events and the order of compliance requirements. Common ground between what banks need and what they can afford.
Our commitment
No shelfware.
If Concord is not delivering value, we will fix it or refund you. Our success depends on your outcomes, not your signature.
No data hostage.
Every report, finding, and evidence package Concord generates belongs to you. Export it anytime. No proprietary formats. No exit fees.
No pricing games.
Predictable and transparent. No per-gigabyte traps. No “call for enterprise pricing” runaround.
Birmingham, Alabama
IaxaI is headquartered in Birmingham. We started by serving the community banks that hold our neighbors' money and fund the dry cleaner's expansion — the institutions the big vendors ignored. That same tool-sprawl problem shows up in every regulated organization. Now we build for all of them. Same engine. Different vocabulary.
Stop stitching tools together. Start seeing the whole threat.
30-minute walkthrough. Your tools. Your data. Your blind spots identified.