Balance Theory, a seed-stage startup working on technology to help security teams collaborate and manage data flows securely, has closed a $3 million funding round.
The Columbia, Maryland-based Balance Theory said the early-stage investment was led by DataTribe with participation from TEDCO.
Balance Theory, the brainchild of former Decision Lab founders Greg Baker, Lisa Mathias, and Nathan Necaise, is building a “hardened collaborative workspace for cybersecurity” to help defenders with workflow visibility to better communicate and track progress of projects.
Balance Theory chief executive Greg Baker said the idea is to build a platform to remove the manual, brittle and expensive process of effective internal security communications.
The planned product is promising DLP (data leakage prevention) tools to help with data redaction, classification, rights management and controls for information sharing.
“Through integration with existing cybersecurity technologies, cyber practitioners can auto-update knowledge assets without having to complete the same work in multiple systems and can co-edit, publish and collaborate with peers on each part of the security lifecycle,” the company said of its plans.
“By integrating with popular workspace platforms such as Slack, Teams, and others it acts as an additive benefit, securely built for the cyber domain, without asking users to migrate from the systems they use every day,” Balance Theory added.