Balbix, Inc., a San Jose, CA-based Predictive provider of a breach-risk platform, raised $8.6m in funding.
Mayfield made the investment. In conjunction with the funding, Mayfield’s Navin Chaddha joined Balbix’ board.
The company is using the funds to continue to develop the platform and expand operations.
Led by Gaurav Banga, CEO and founder, Balbix has just officially launched a predictive breach-risk platform that calculates and visualizes an enterprise’s cyber-breach risk and resilience across all devices, users and apps in its extended network. This system enables CISOs and CIOs to predict top breach scenarios, prioritize security mitigations and provide risk insights to prevent security incidents before attacks happen.