Columbia startup raises $3M to help companies keep track of cybersecurity initiatives

Balance Theory, a Columbia startup that creates workplace management applications for cybersecurity professionals, has raised $3 million in seed funding and intends to use the proceeds to build out a development team.

The round was led by Fulton-based DataTribe after the software-as-a-service company beat out two other finalists to win the 5th annual DataTribe Challenge, a pitch competition geared toward data science or cybersecurity industry startups. The Maryland Technology Development Corp. (TEDCO) also participated in the seed round.