Alphabet, the parent company of Google, Waymo, Nest and lots of other companies announced the launch of a cybersecurity company Chronicle under its Alphabet umbrella.
Chronicle is a “cybersecurity intelligence platform” that will help companies to understand their data and will help them in detecting and fighting off hackers. The platform is graduating out of Alphabet’s “moonshot factory” X group.
Stephen Gillett, who joined the moonshot unit from Google Ventures and previously served Symantec as COO, will be the CEO of Chronicles.
Chronicle, for now, will offer two services: first a security intelligence and analytics platform for businesses and second VirusTotal, a malware and URL scanner that was acquired by Google in 2012.
Gillett explaining the new company and the idea behind it said:
“We want to 10x the speed and impact of security teams’ work by making it much easier, faster and more cost-effective for them to capture and analyze security signals that have previously been too difficult and expensive to find. We are building our intelligence and analytics platform to solve this problem”.
The company – running on Alphabet’s infrastructure – will continue building security tools that will use machine learning to mark the spot from where hackers break in and will shorten the time required to stop a breach.
Astro Teller, CEO of X aka ‘Captain of moonshots’ noted that “the information that security teams need to identify and investigate attacks is right there in an organization’s existing security tools and IT systems, but it’s hidden in enormous volumes of data and therefore can’t easily be seen, understood, or used.”
Chronicle isn’t exactly the first company to use machine learning to solve the cybersecurity issues. It has just landed in a crowded field with competitors offering somewhat the same services.
Though Chronicle is not the first to take this approach, the company believes it has some sort of advantage. “Chronicle is starting by trying to give organizations a much higher-resolution view of their security situation than they’ve ever had by combining machine learning, large amounts of computing power and large amounts of storage,” Teller wrote in his blog post.
Alphabet did not reveal much information regarding the new company but it did say that the service is currently being alpha tested by a number of ‘Fortune 500’ companies.