Phantom Announces Strategic Investment and Development Agreement with In-Q-Tel (IQT)

After nearly two years of hard work, we launched Phantom’s security automation and orchestration platform in January and the level of interest has been remarkable.  It’s rare to see a new category appear in the security industry these days – with well over a thousand point product vendors and counting. But we’re seeing exactly this when it comes to security automation and orchestration.  With the typical enterprise having over 50 security products, and 75% of enterprises admitting to routinely ignoring security alerts, we have no choice but to automate.

Today we’re happy to announce new strategic funding from In-Q-Tel, allowing us to further accelerate the development of critical capabilities required by both the commercial enterprise and government agencies alike.  This funding will allow us to expand even faster on the great foundation that the Phantom team has built.

Here is the link to the full press release.  The text is also included below.

Oliver Friedrichs
CEO & Founder
Phantom

Phantom Announces Strategic Investment and Development Agreement with In-Q-Tel (IQT)

Fuels Further Innovation of the Industry’s Leading Platform for Security Automation & Orchestration

Palo Alto, Calif. – April 26, 2016 — Phantom, the first company to provide an open community for security automation and orchestration, today announced a strategic investment and technology development agreement with In-Q-Tel (IQT), the independent, non-profit strategic investor that identifies, adapts and delivers innovative technology solutions to support the mission of the U.S. Intelligence Community.

The partnership fuels Phantom’s mission to provide a layer of “connective tissue” that enables organizations to integrate their existing, disparate security technologies.

Julian Mann, Principal, Investments at IQT said, “Phantom is pioneering an automation and orchestration platform that will dramatically reduce the response and remediation gap caused by limited resources, an increasing threat surface and incident rate, and the overwhelming complexity of an organization’s security enterprise.”

Recently recognized as the Most Innovative Company at the 2016 RSA Conference, Phantom streamlines security operations through the execution of digital “Playbooks” to achieve in seconds what may normally take minutes or hours to accomplish with the dozens of point products used in typical security environments. Focused on enhancing security operations, Phantom doesn’t replace existing security products, but instead makes an organization’s investment smarter, faster and stronger.

“We’ve seen tremendous interest in Phantom from the private sector and expect the benefits from a purpose-built, community-powered platform for security automation and orchestration to be revolutionary for the public sector as well,” said Oliver Friedrichs, CEO and Founder of Phantom.

While not strictly open source, Phantom is expandable by the user community. Phantom Apps allow users to create connectors to in-house or more obscure security technologies and abstract their APIs back to the platform. Phantom Apps are Python modules, allowing anyone in the community to expand the platform and contribute Apps to the Phantom App store.  Similarly, Phantom Playbooks are also written in Python and can be customized at will by the community. Playbooks are synchronized via Git and published on a public GitHub repository.  For more information, or to download the Free Community Edition of Phantom, visit http://www.phantom.us/product.

About Phantom
Phantom, an award-winning company, automates and orchestrates key stages of security operations from prevention to triage and resolution; delivering dramatic increases in productivity and effectiveness. Ranging from simple automation to fully autonomous response, Phantom lets you choose the best balance that fits your organization’s needs while increasing security and accelerating security operations. Focused on closing the security gap by enabling enterprise security operations to be smarter, faster and stronger, Phantom provides the flexibility to connect in-house and third-party systems into one consolidated, integrated and extensible platform. Phantom 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.