{"id":21123,"date":"2022-12-05T21:54:03","date_gmt":"2022-12-05T21:54:03","guid":{"rendered":"https:\/\/mailinvest.blog\/index.php\/2022\/12\/05\/balance-theory-raises-3m-for-its-cybersecurity-collaboration-platform\/"},"modified":"2022-12-05T21:54:03","modified_gmt":"2022-12-05T21:54:03","slug":"balance-theory-raises-3m-for-its-cybersecurity-collaboration-platform","status":"publish","type":"post","link":"https:\/\/mailinvest.blog\/index.php\/2022\/12\/05\/balance-theory-raises-3m-for-its-cybersecurity-collaboration-platform\/","title":{"rendered":"Balance Theory raises $3M for its cybersecurity collaboration platform"},"content":{"rendered":"

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Balance Theory Inc., a startup with a platform that companies can use to store technical data about their cybersecurity systems, has raised a $3 million seed funding round.<\/span><\/p>\n

Balance Theory <\/span>announced<\/span><\/a> the funding round this morning. DataTribe was the lead investor, while the Maryland Technology Development Corporation participated as well.<\/span><\/p>\n

\u201cIn our experience, organizations that focus on operationalizing knowledge and collaborate effectively internally, with partners, and the community, deliver more comprehensive, and resilient cybersecurity programs that can keep pace with rapid industry change,\u201d said Balance Theory Chief Executive Officer Greg Baker.<\/span><\/p>\n

Cybersecurity teams\u2019 day-to-day work often requires them to consult technical data about their companies\u2019 breach prevention systems. When troubleshooting a firewall error, for example, an administrator might review the firewall\u2019s settings to check if the malfunction may be caused by a configuration issue. Data about a company\u2019s cybersecurity systems is also needed for other tasks, such as ensuring compliance with regulatory requirements.<\/span><\/p>\n

Balance Theory provides a platform that enables companies to store important cybersecurity information in a centralized repository. According to the startup, its platform allows administrators to more easily access the technical data they require for their work.<\/span><\/p>\n

Balance Theory provides integrations with popular cybersecurity systems. Using the integrations, companies can stream information about their cybersecurity infrastructure to the startup\u2019s platform, as well as automatically update the information when there are configuration changes. Built-in access controls make it possible to regulate who can use what data asset and how.\u00a0<\/span><\/p>\n

According to Balance Theory, cybersecurity professionals can use its platform to share multiple types of data assets with one another. In addition to information about the configuration of cybersecurity systems, the startup\u2019s platform makes it possible to share technical explainers. A company can, for example, create a list of best practices on how new breach prevention software should be deployed.<\/span><\/p>\n

Less technical documents are supported as well. Using Balance Theory\u2019s platform, administrators can create reports detailing the budget allocated to each cybersecurity initiative and the software tools used to carry it out. Moreover, the startup provides features that enable multiple organizations to share cybersecurity data with one another.<\/span><\/p>\n

\u201cBalance Theory\u2019s approach to driving connectivity and secure collaboration both within and between organizations has the potential to redefine the way security work gets done \u2014 dramatically impacting the entire cyber industry for the better,\u201d said DataTribe managing director John Funge. \u201cWith increasing collaboration between government and private companies as well as a greater focus on cyber risk across industries and supply chains, the idea of collective defense continues to gain traction.\u201d<\/span><\/p>\n

Image:\u00a0Pixabay<\/a><\/h5>\n
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