SAN JOSE, CA, Balbix, the leader in cybersecurity posture automation today announced $70 million in Series C funding.
This move follows a record growth year for Balbix in revenue and global enterprise adoption, and an expansion of its senior leadership team. Balbix's oversubscribed Series C round was led by Redline Capital who were joined by new investors, Third Point Ventures, Nautilus Venture Partners, Modern Venture Partners and Franklin Park, as well as existing investors Mayfield, JC2 Ventures, Mubadala Capital, Alter Venture Partners and Singtel Innov8.
Balbix is the world's leading cybersecurity posture automation company. The Balbix Security Cloud uses AI and automation to reinvent how the world's leading organizations reduce their cyber risk. With Balbix, security teams can accurately inventory their cloud and on-prem assets, conduct risk-based vulnerability management, and quantify their cyber risk in monetary terms. Balbix was ranked #32 on the 2021 Deloitte Fast 500 North America and was named a Gartner 'Cool Vendor.' For more information, visit www.balbix.com.
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