TechOperators and Blackstone Lead Round to Develop the “Connective
Tissue” for the Security Industry
Phantom Cyber, a provider of security
automation and orchestration, has raised $6.5M in Series A funding
from Atlanta-based TechOperators and Blackstone (NYSE: BX), one of the
world’s leading global asset managers. Blackstone made the investment
after using the product for several months as an Early Experience user.
Zach Nelson, CEO of NetSuite Inc. (NYSE: N), John Thompson, CEO of
Virtual Instruments and former CEO of Symantec, and Rein Capital also
participated in the round. With the funding, Thomas E. Noonan, former
CEO of Internet Security Systems (ISS), and General Partner at
TechOperators, will join the Phantom board.
Organizations have adopted dozens of security technologies over the past
decade, resulting in an army of point products, each delivering discrete
capabilities and its own respective console. This piecemeal, static, and
human-dependent approach is no match for today’s adversary.
Phantom streamlines security operations, solving the ‘last mile’ of the
security problem and helping organizations deal with a massive shortage
in security talent. The company provides a security automation and
orchestration platform that integrates with an enterprise’s existing
security technologies to provide a layer of “connective tissue” between
them. Organizations use Phantom’s digital “Playbooks” to execute in
seconds what may normally take minutes or hours to accomplish across
dozens of point products used in a typical enterprise security
environment.
“Phantom is a force-multiplier for our security team,” said Jay Leek,
Chief Information Security Officer at Blackstone. “By leveraging the
platform, we are able to automate processes such as malware
investigation and containment, threat indicator hunting and deployment
based on threat intelligence sources, phishing investigation, and
regeneration of our environment in the event of a breach. Phantom
delivers instant productivity gains, enabling us to respond faster, do
more with our existing resources, and get the most out of our security
investments.”
“Security teams are desperately looking for a way to simplify their jobs
and regain control of their environment,” said Thomas E. Noonan, former
CEO of Internet Security Systems (ISS) and General Partner at
TechOperators. “They have been searching for a Rosetta Stone to enable
communication across numerous disparate systems, each of which has been
purpose-built to provide specific security functions. Phantom gives
organizations the ability to manage, update, and enhance their security
systems in a fraction of the time it takes today, completely changing
the dynamics and expectations for how secure an enterprise can be.”
“Just as automation has improved finance, marketing, human resources,
software development, and other aspects of IT, it is now time for
security to benefit,” said Phantom Cyber founder and CEO, Oliver
Friedrichs. “Initial demand has been tremendous and we are pleased to
have the support of some of the industry’s leading minds to help us as
we accelerate Phantom’s market penetration and product development.”
Phantom currently provides integration with over 30 of the industry’s
leading security solutions. Phantom’s Early Experience program is
immediately available to qualified organizations. For more information,
visit www.phantom.us/product.
Phantom Cyber was founded by enterprise security veterans Oliver
Friedrichs and Sourabh Satish. Friedrichs previously founded and
co-founded three highly successful internet security companies - Immunet
(acquired by Sourcefire), Security Focus (acquired by Symantec) and
Secure Networks (acquired by McAfee). Satish was previously a
distinguished engineer with Symantec, and has 156 issued and 51 pending
patents.
About Phantom Cyber:
Phantom Cyber automates enterprise security operations. In the face of
problematic trends including the dramatic increase and volume of
attacks, severe shortages in qualified personnel, growth in the
diversity and complexity of IT security environments and unforgiving
consumers, investors and regulators holding management to task for
breaches, Phantom Cyber arms security operations with the automation and
orchestration solutions that ready them to defend their company’s
business. Phantom Cyber was founded by enterprise security veterans
Oliver Friedrichs and Sourabh Satish who have helped propel companies
like Symantec, Sourcefire, Cisco and others to success. For more
information visit www.phantom.us.
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