Phantom Cyber Raises $6.5M Series A Round to Automate Security Operations
28 September 2015 - 10:00PM
Business Wire
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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version on businesswire.com: http://www.businesswire.com/news/home/20150928005742/en/
For Phantom CyberZenobia Godschalk,
650-269-8315zenobia@zagcommunications.com
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