Alphabet, the parent company of Google, today announced the launch of Chronicle, a new cybersecurity company that aims to give companies a better chance at detecting threats by analyzing and storing security related data. Chronicle will now be a standalone company under the Alphabet umbrella, just like Google. Stephen Gillett has been named as the CEO. He joined Google Ventures and was previously the COO of Symantec.
According to a blog post, Chronicle is an enterprise platform that will use artificial intelligence and machine learning to “help enterprises better manage and understand their own security-related data.” The company will also include VirusTotal, the malware analytics company that Google acquired in 2012. According to the website, the company is building a “cybersecurity intelligence platform” that can help organizations better manage and understand their own data.
Stephen Gillett explains “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 new CEO says this will give Chronicle two big advantages: first, the company “should be able to help teams search and retrieve useful information and run analysis in minutes, rather than the hours or days it currently takes.” Second, many Google storage will help Chronicle customers “see patterns that emerge from multiple data sources and over years.”
Further details on about the new venture is not known yet, the company says that the service is currently being alpha tested by a number of Fortune 500 companies.