Press Release —
Balbix Ranks No. 14 on the 2021 List with Two-Year Revenue Growth of 1,476 Percent
Inc. magazine today revealed that Balbix is No. 14 on its 2021 Inc. 5000 Series: California list, the most prestigious ranking of the fastest-growing California-based private companies. Born of the annual Inc. 5000 franchise, this regional list represents a unique look at the most successful companies within the California economy.
“We are honored to receive this recognition from Inc. At Balbix, we believe cybersecurity means more than just keeping organizations safe. An organization is not just an abstract entity, it is people: employees, customers and partners. Keeping organizations secure ultimately means securing people’s digital lives,” said Gaurav Banga, Founder and CEO of Balbix. “Infosec teams try to discover and mitigate vulnerabilities using multiple tools and manual workflows but can’t keep up. Balbix addresses this challenge by enabling automation of cybersecurity posture. Our customers are able to achieve rapid reduction in their breach risk without needing armies of Infosec analysts or huge budgets.”
The companies on this list show stunning rates of growth across all industries in California. Between 2017 and 2019, these 250 private companies had an average growth rate of 535 percent and, in 2019 alone, they employed more than 40,000 people and added nearly $7 billion to the California economy. Companies based in the largest metro areas—Los Angeles, the Bay Area, and San Diego—brought in the highest revenue overall.
“This list proves the power of companies in California no matter the industry,” said Inc. editor-in-chief Scott Omelianuk. “The impressive revenues and growth rates prove the insight and diligence of CEOs and that these businesses are here to stay.”
This award, among other industry recognition, further validates Balbix as a leader in the cybersecurity posture automation industry. The company was named as a Technology Innovation Leader for 2021 by Frost & Sullivan. Balbix was also recognized as the winner of the 2021 Cybersecurity Excellence award in North America.
Complete results of the Inc. 5000 Regionals: California, including company profiles and an interactive database that can be sorted by industry, metro area, and other criteria, can be found at https://www.inc.com/inc5000/regionals/california starting March 16, 2021.
About Balbix
Balbix is the world’s leading platform for cybersecurity posture automation. Using Balbix, organizations can discover, prioritize and mitigate unseen risks and vulnerabilities at high velocity. With seamless data collection and petabyte-scale analysis capabilities, Balbix is deployed and operational within hours, and helps to decrease breach risk immediately. Balbix counts many global 1000 companies among its rapidly growing customer base and was named a “Cool Vendor” by Gartner in 2018. Learn more at www.balbix.com.
More about Inc. and the Inc. 5000 Regionals
Methodology
The 2021 Inc. 5000 Regional are ranked according to percentage revenue growth when comparing 2017 and 2019. To qualify, companies must have been founded and generating revenue by March 31, 2017. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2019. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2017 is $100,000; the minimum for 2019 is $1 million. As always, Inc. reserves the right to decline applicants for subjective reasons.
About Inc. Media
The world’s most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.