Balbix uses AI and automation to reinvent how leading organizations reduce their cyber risk, an issue that's getting more complex every year.
Embracing a business model referred to as cyber posture automation, the goal is to quantify the risks of hacking to organizations and move the cyber defense decision-making across the entire C-suite rather than focused solely on CISOs.
Instead, CISOs need to facilitate the quantification of cyber risk in business terms and help drive the rest of the leadership team towards speedy cyber risk remediation/mitigation efforts before a breach even happens."
To date, the company has raised $101.6 million over three rounds, with the most recent being $70 million in March.
Investors include Alter Venture Partners, Redline Capital, Third Point Ventures, and Nautilus Venture Partners.