Cybersecurity collaborative workspace provider Balance Theory has announced it has raised USD 3 million as part of a seed funding round led by DataTribe.

For security teams, the company has created a collaboration tool. The announcement comes at a time when enterprise risk has significantly increased due to collaboration apps. The solution from Balance Theory offers users a secure, encrypted platform with classification and redaction tools to manage security workflows, processes, technical documentation, and playbooks in one place.

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According to the company, this gives board members, auditors, new hires, and vendors a top-down view of the security team’s defenses. It also integrates with currently available collaboration tools like Microsoft Teams and Slack.

Read More: With collaboration app for security teams, Balance Theory raises $3 million 

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