Balbix, a cybersecurity risk management firm, has developed a platform that helps organizations understand their cyber risks and communicate them effectively to board members and senior executives. Balbix’s cyber risk quantification (CRQ) capabilities leverage available data, continuously calculating risk from asset-level data ingested from existing tools, including vulnerabilities, threats, exposure, applicable security controls, and business criticality. Users can analyze risk by business unit, by application, by owner, and trace underlying issues driving risk, while gaining actionable insights for risk reduction. The platform provides executives and the board with a clear understanding of cyber risk in dollars, helping to prioritize cybersecurity initiatives and daily mitigation tasks based on monetary risk, instead of relying on ad-hoc scores. Balbix’s platform is differentiated from competitors by being data-driven, maximally automated, accurate and concrete, providing monetary risk computations based on business context, and highly actionable. The Balbix Security Cloud is licensed to customers via an annual subscription based on asset count and use case coverage, with no hardware or software deployment required. Balbix is currently experiencing significant revenue growth, supporting dozens of customers across numerous verticals and geographies.