Gaurav Banga, former CEO of virtualization security specialist Bromium, is now focused on helping enterprises detect and manage risk. ?
Today, Banga launched his latest endeavor, called Balbix. The San Jose, Calif.-based startup also announced today that has raised $8.6 million in funding from venture capital firm Mayfield to help advance its eponymous breach risk detection and visualization platform.
Now serving as CEO of Balbix, Mr. Banga said the time is right for solution that helps businesses better navigate a cybersecurity landscape that is littered with advanced threats and has grown more complex with rising cloud adoption, bring your own device (BYOD) initiatives and the advent of the Internet of Things (IoT). When faced with these challenges, traditional methods of assessing an enterprises security posture simply fall short, he said.
“The attack surface of the enterprise is growing exponentially and cannot be measured by hand,” he told eSecurity Planet. Banga’s solution: a predictive solution that uses artificial intelligence (AI) to automatically root out and rank risks to an organization’s network and IT systems.
Within minutes of deploying sensors across a network and on cloud-based virtual machines for hybrid environments, Balbix uses machine learning techniques to analyze traffic and draw intelligence across 200 dimensions of risk and 40 dimensions of impact, explained Banga. A mobile-friendly, web-based user interface then produces a color-coded heatmap, displaying areas of concern that IT security personnel may want to shore up.
Taking things a step further, Balbix provides predictive risk analytics, showing the likelihood of a breach given the prevalence of detected risks within an organization. Finally, IT managers can use the product to assess the effectiveness of their current security mitigations along with their ability to contain the effects of potential security incidents.
Banga is also confident that his company’s tech can meet the needs of businesses struggling to keep up with the ever-increasing number of connected devices encroaching on their networks.
“Scalability is the key to success in the enterprise,” he reminded, before revealing that Balbix borrows from the Google Omaha backend to manage the platform’s remote sensors. Omaha is the technology used by Google to update the popular Chrome browser for millions of users.
Balbix joins a growing number of security vendors that are using AI to keep businesses and their data safe.
Deep Instinct uses a branch of AI called deep learning in its threat detection solution. Last month, CA Technologies unveiled its new CA Risk Analytics Network, which employs machine learning algorithms to combat online credit card fraud. In March, RiskSense announced it had raised $14 million for its AI-based vulnerability management offering.