Phantom will use the funds to expand engineering, sales and marketing operations in support of its platform that works to automate and orchestrate security operations, the company said Tuesday.
The latest funding round brings the company™s total funds to at least $23 million and comes nearly a year after it signed a strategic partnership agreement with In-Q-Tel to facilitate the development and bring to the public sector its security automation and orchestration tool.
Ted Schlein, general partner at Kleiner Perkins, said companies use security automation and orchestration tools in an effort to address the œgrowing volume and velocity of security alerts amid the shortage of cybersecurity professionals.
Phantom™s platform is a community-backed technology offering that works to integrate disparate security products deployed across an enterprise and help analysts automate investigation, vulnerability management, patching and containment operations.
Other investors that joined In-Q-Tel and KPCB in the latest funding round include Blackstone (NYSE: BX), Foundation Capital, Rein Capital, TechOperators Venture Capital, NetSuite CEO Zach Nelson and John Thompson, chairman of the board at Microsoft (Nasdaq: MSFT).
Brian Meyer, federal field chief technology officer at Axonius Federal, said cybersecurity asset management could help government agencies make dozens…
“Technology transformation company Red River has acquired Invictus International Consulting to expand its cybersecurity and enterprise modernization capabilities to support…
Synergy ECP, a software engineering, cybersecurity and systems engineering services provider, has acquired NetServices, a company offering secure, mission-focused technology services. The…
Precision Aerospace & Defense Group and FACT II Acquisition, a special purpose acquisition company, have signed a definitive business combination agreement to…
LMI has announced the acquisition of intellectual property and advanced capabilities to broaden its in-transit visibility and asset tracking services for…
Phantom has obtained $13.5 million in a Series B funding round led by venture capital firm Kleiner Perkins Caufield & Byers and backed by In-Q-Tel.
