Predictive cybersecurity company Balbix secures $20M investment

High profile security attacks have put cybersecurity high on the agenda. For most companies it’s at best headache and at worst a full-blown crisis. But if you’re in the business of solving these problems, it only makes you more valuable. That’s what has happened to Balbix. Balbix is a security solution that allows users to “predict & proactively mitigate breaches before they happen.” It does this by using predictive analytics and machine learning to identify possible threats.

According to TechCrunch, the company has received the series B investment from a number of different sources. This includes Singtel’s Innov8 fund (based in Singapore).

Balbix is bringing together machine learning and cybersecurity

However, the most interesting part of the story is what Balbix is trying to do. The fact that it’s seeing early signs of eager investment indicates that it’s moving down the right track when it comes to cybersecurity.

The company spends some time outlining how the tool works on its website. Balbix’s Breach Control product uses “sensors deployed across your entire enterprise network automatically and continuously discover and monitor all devices, apps and users for hundreds of attack vectors.” An ‘attack vector’ is really just a method of attack, like, for example, phishing or social engineering.

The product then uses what the company calls the ‘Balbix Brain’ to analyse risks within the network. The Balbix Brain is an artificial intelligence system that is designed to do a number of things. It assesses how likely different assets and areas of the network are to be compromised, and highlights the potential impact such a compromise might have. This adds an additional level of intelligence that allows organizations that use the product to make informed decisions about how to act and what to prioritize.

But Balbix BreachControl also combines chaos engineering and penetration testing by simulating small-scale attacks across a given network. “Every possible breach path is modeled across all attack vectors to calculate breach risk. ”

Balbix is aiming to exploit the need for improved security at an enterprise level. In an interview with TechCrunch, CEO  Gaurav Bhanga said “At enterprise scale, keeping everything up to snuff is very hard,” CEO Bangha told TechCrunch in an interview. “Most organizations have little visibility into attack surfaces, the right decisions aren’t made and projects aren’t secured.”