Balbix Named to CNBC’s 2022 Top Startups for the Enterprise

Press Release —

Recognized by top CTOs, CIOs and CISOs for innovative approach to cyber risk management.

Balbix, the leader in cybersecurity posture automation, has been named to CNBC’s 2022 Top Startups for the Enterprise. CNBC has recognized this group of 25 private companies for developing innovative technology and pursuing the biggest ideas in business intelligence, IT, cloud, big data and cybersecurity. Startups on this list are particularly well positioned to meet the needs of large enterprises as they double down on digital transformation and emerging opportunities despite the uncertain economic climate, according to CNBC.

The companies on this list were selected through a proprietary process starting with a nomination by CNBC’s Technology Executive Council made up of CIOs, CTOs and CISOs from organizations of all sizes across the economy. These executives play a critical role for their organizations as they recommend to their CEOs and CFOs how best to allocate increasing levels of technology spending and investment. With the explosion of cybersecurity attack surfaces, organizations are finding it extraordinarily hard to protect themselves from cyber attacks. Balbix was selected to CNBC’s Top Startups for the Enterprise for helping customers automate the identification and mitigation of security issues and sharply reduce cyber risk exposure.

“It’s an honor to be recognized alongside this fantastic group of startups driving the future of enterprise technology,” said Gaurav Banga, Founder and CEO of Balbix. “As cybersecurity becomes exponentially more complex, we provide our customers with the insights, tools and context they need to make better decisions, automate their cybersecurity defenses and stay ahead of attackers.”

Unlike traditional approaches where organizations spend significant time and effort stitching together data and insights from dozens of security and IT tools, the Balbix Security Cloud combines Cyber Asset Attack Surface Management (CAASM) with Risk-Based Vulnerability Management (RBVM) and Cyber Risk Qualification (CRQ) into a single integrated solution. Cybersecurity teams can continuously identify, prioritize and mitigate new vulnerabilities while quantifying and tracking residual cyber risk in dollars (or other currencies). Even very large organizations can quickly get up and running with Balbix’s SaaS solution by using API-based connectors for their deployed tools, and see immediate results.

“The Balbix platform offers a unique suite of capabilities for automating cyber risk management which I believe are foundational for protecting the enterprise,” said John Chambers, Founder and CEO of JC2 Ventures. “As companies focus their technology spend in this challenging economic environment, we expect to see increased investment in these capabilities to help them manage their cybersecurity posture more efficiently.”

This recognition from CNBC continues a strong year of momentum for Balbix. Earlier this year, Balbix announced a $70M funding round as well as 2.5x year-over-year growth in ARR. Balbix also earned a spot on Forbes’ 2022 list of America’s Best Startup Employers.

About Balbix

Balbix enables businesses to reduce cyber risk by identifying and mitigating their riskiest cybersecurity issues faster. Our SaaS platform, the Balbix Security Cloud™, ingests data from businesses’ security and IT tools so they can understand every aspect of their cybersecurity posture, build a unified cyber risk model and obtain actionable insights for risk reduction. With Balbix, businesses can automate inventory of their cloud and on-premise assets, conduct continuous risk-based vulnerability management and quantify cyber risk in dollars. Executives and operational teams can make cybersecurity decisions based on data not opinions.

A rapidly growing set of Fortune 500 companies trust Balbix as the “brain” of their infosec programs and are realizing the benefits of maximally automated workflows and reduced cyber risk. Balbix was ranked #32 on the 2021 Deloitte Fast 500 North America, and has been recognized for innovation by Gartner.


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Chase Ford