Singtel Innov8 was among the investors in Balbix following a record-breaking 2021 for AI-powered cybersecurity funding.

Balbix, a US-based provider of cybersecurity posture automation technology, received $70m yesterday in a series C round backed by Singtel Innov8, the corporate venturing arm of telecommunications company Singtel. Redline Capital led the round, which also featured Third Point Ventures, Nautilus Venture Partners, Modern Venture Partners, Mayfield, Franklin Park, JC2 Ventures, Mubadala Capital and Alter…

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