Balbix

Balbix

AI-driven cybersecurity risk management platform

About

Balbix helps businesses manage and reduce the risk of data breaches through its cybersecurity platform, the Balbix Security Cloud. This platform uses artificial intelligence to gather and analyze data from various security and IT tools, providing a clear view of a company's cybersecurity risk in monetary terms. This allows organizations to identify and prioritize vulnerabilities effectively. Balbix serves a wide range of clients, from small teams to large Fortune 500 companies, and operates on a subscription model, offering real-time visibility into security issues. Additionally, Balbix provides professional services like implementation support and training to enhance the user experience. The company's goal is to automate cybersecurity processes and help clients minimize their risk of cyber attacks.

Company Stage

Series C

Employees

51-200

Industries

Enterprise Software, Cybersecurity, AI & Machine Learning

Total Funding

$113.7M

Headquarters

N/A

Founded

2015


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Simplify's Take

What believers are saying

  • Balbix's partnerships, such as with TRINEXIA, expand its market reach and distribution capabilities.
  • The introduction of the BX4 engine, powered by Nvidia AI, enhances Balbix's analytical capabilities and risk visibility.
  • The addition of seasoned executives like Marene Allison to the advisory board strengthens Balbix's strategic direction and industry expertise.

What critics are saying

  • The rapidly evolving cybersecurity landscape requires continuous innovation, which can be resource-intensive and challenging.
  • Dependence on AI and automation may lead to over-reliance, potentially overlooking nuanced security threats.

What makes Balbix unique

  • Balbix leverages AI to quantify cybersecurity risk in monetary terms, providing a unique and actionable perspective for businesses.
  • The Balbix Security Cloud consolidates data from various security and IT tools, offering a comprehensive and real-time view of a company's security posture.
  • Balbix's automation of CIS Benchmark requirements and mapping to the MITRE ATT&CK Framework sets it apart in compliance and vulnerability management.

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Growth & Insights
Headcount

6 month growth

3%

1 year growth

8%

2 year growth

35%

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