Security Experts:

Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Cybersecurity Funding

Cybersecurity Posture Management Firm Balbix Raises $70 Million

Cybersecurity posture management company Balbix this week announced raising $70 million in a Series C funding round, which brings the total investment in the firm to more than $100 million.

Cybersecurity posture management company Balbix this week announced raising $70 million in a Series C funding round, which brings the total investment in the firm to more than $100 million.

The latest funding round was led by Redline Capital, with participation from Third Point Ventures, Nautilus Venture Partners, Modern Venture Partners, Franklin Park, Mayfield, JC2 Ventures, Mubadala Capital, Alter Venture Partners, and Singtel Innov8.

The money will be used to improve the company’s products and for its go-to-market strategy.

Balbix has developed a cybersecurity posture automation platform that enables security teams to inventory their cloud and on-premises assets, conduct vulnerability management, and quantify their cyber risk in monetary terms.

Balbix claims its annual recurring revenue more than doubled in the last year, when it signed multi-million dollar contracts with four Fortune 100 companies.

Related: Hunters Raises $68 Million for Its SecOps Platform

Related: Authorization and IAM Company PlainID Raises $75 Million in Series C Funding

Related: XDR Firm Cynet Raises $40 Million Series C Funding

Related: Virsec Raises $100 Million in Series C Funding Round

Written By

Eduard Kovacs (@EduardKovacs) is a contributing editor at SecurityWeek. He worked as a high school IT teacher for two years before starting a career in journalism as Softpedia’s security news reporter. Eduard holds a bachelor’s degree in industrial informatics and a master’s degree in computer techniques applied in electrical engineering.

Click to comment

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest threats, trends, and technology, along with insightful columns from industry experts.

Join this webinar to learn best practices that organizations can use to improve both their resilience to new threats and their response times to incidents.

Register

Join this live webinar as we explore the potential security threats that can arise when third parties are granted access to a sensitive data or systems.

Register

Expert Insights

Related Content

Application Security

Cycode, a startup that provides solutions for protecting software source code, emerged from stealth mode on Tuesday with $4.6 million in seed funding.

Management & Strategy

SecurityWeek examines how a layoff-induced influx of experienced professionals into the job seeker market is affecting or might affect, the skills gap and recruitment...

Cybersecurity Funding

SecurityWeek investigates how political/economic conditions will affect venture capital funding for cybersecurity firms during 2023.

Funding/M&A

More than 450 cybersecurity-related mergers and acquisitions were announced in 2022, according to an analysis conducted by SecurityWeek

Funding/M&A

Twenty-one cybersecurity-related M&A deals were announced in December 2022.

Management & Strategy

Industry professionals comment on the recent disruption of the Hive ransomware operation and its hacking by law enforcement.

Funding/M&A

Forty cybersecurity-related M&A deals were announced in January 2023.

CISO Strategy

SecurityWeek spoke with more than 300 cybersecurity experts to see what is bubbling beneath the surface, and examine how those evolving threats will present...