UPDATED 20:35 EST / JANUARY 10 2017

INFRA

Security automation startup Phantom raises $13.5M Series B round

Palo Alto, California-based startup Phantom Cyber Corp. said Tuesday it has raised $13.5 million to push ahead with its community-powered security automation and orchestration platform.

The Series B funding was led by Kleiner Perkins Caufield & Byers and included TechOperators Venture Capital, Blackstone, Foundation Capital, In-Q-Tel, Rein Capital, Zach Nelson and John W. Thompson.

Founded in 2014, Phantom aims to close the security gap by enabling Enterprise Security Operations to be “smarter, faster and stronger.” The company’s platform integrates into existing security technologies in order to provide a layer of “connective tissue” between them. The company claims that streamlines security operations through the executions of digital “playbooks” that it claims can achieve in seconds what may usually take minutes to hours to deliver using various other products.

“Security teams are suffocating from the growing volume and velocity of security alerts,” Kleiner Perkins General Partner Ted Schlein said in a statement. “Lack of integration between point products and a shortage of skilled security professionals only exacerbates the problem and makes it all but impossible to respond. Most enterprises are looking at security automation and orchestration to address these challenges.  Phantom’s open and extensible platform is the clear leader in this emerging market.”

Phantom now offers more 100 apps used to integrate point products covering reputation services, endpoint technologies, sandboxes, firewalls, and common mobile, virtual and cloud-based security solutions. Those apps allow Phantom customers automate nearly all security use cases, including investigation, containment and patch and vulnerability management.

Including the new round, Phantom has raised $22.7 million to date. The company said it would use the new funding to accelerate growth in sales, marketing and engineering.

Image courtesy of Phantom

Since you’re here …

Show your support for our mission with our one-click subscription to our YouTube channel (below). The more subscribers we have, the more YouTube will suggest relevant enterprise and emerging technology content to you. Thanks!

Support our mission:    >>>>>>  SUBSCRIBE NOW >>>>>>  to our YouTube channel.

… We’d also like to tell you about our mission and how you can help us fulfill it. SiliconANGLE Media Inc.’s business model is based on the intrinsic value of the content, not advertising. Unlike many online publications, we don’t have a paywall or run banner advertising, because we want to keep our journalism open, without influence or the need to chase traffic.The journalism, reporting and commentary on SiliconANGLE — along with live, unscripted video from our Silicon Valley studio and globe-trotting video teams at theCUBE — take a lot of hard work, time and money. Keeping the quality high requires the support of sponsors who are aligned with our vision of ad-free journalism content.

If you like the reporting, video interviews and other ad-free content here, please take a moment to check out a sample of the video content supported by our sponsors, tweet your support, and keep coming back to SiliconANGLE.