Balbix offers the Balbix Security Cloud, a cybersecurity posture automation platform that uses AI and automation to help organizations inventory cloud and on-prem assets, run risk-based vulnerability management, and quantify cyber risk in monetary terms. Led by CEO and founder Gaurav Banga, the company plans to use the funds to build out go-to-market capabilities and continue engineering investments across unified asset inventory, software bill of materials (SBOM), vulnerability management, cyber risk quantification and security posture automation. The Series C follows growth in annual recurring revenue over the prior twelve months and four multi-million-dollar deals closed with Fortune 100 companies. Balbix launched an automated cyber risk quantification solution and reported more than 200% growth in new enterprise customers across the Americas, Asia, Europe, Middle East and Africa. The company has expanded its partner ecosystem with a new AWS integration and a partnership with global MSSP Microland. Balbix offers a predictive cybersecurity platform that uses artificial intelligence and machine learning to map an organization’s attack surface and surface prioritized vulnerabilities. The system integrates with existing operational security products to provide real-time visibility, reactive responses, and risk insights for stakeholders. Balbix’s approach measures a wide range of signals—from OS versions and weak passwords to poorly secured endpoints—so teams can decide and prioritize remediation based on data. The company does not charge by security event, aligning its incentives with breach prevention. Customers include enterprise organizations and global managed security service providers, and Balbix says it has international reach in sales. For now the company maintains a single office in San Jose but is weighing opening international offices to support growth. Balbix offers a predictive breach-risk platform that calculates and visualizes an enterprise’s cyber-breach risk and resilience across all devices, users and apps in an extended network. The system is designed to help CISOs and CIOs predict top breach scenarios, prioritize security mitigations and provide risk insights to prevent incidents before attacks occur. The company has just officially launched this platform and is using external funding to continue product development and expand operations. Balbix is led by founder and CEO Gaurav Banga. The company is based in San Jose, California.

Total raised

$99M

Funding rounds

3

Latest round

Series C

Latest activity

Mar 2022