Google’s parent Alphabet is launching an independent cybersecurity business called Chronicle thats goal is to help companies find and stop cyberattacks. The new company will offer an analytics platform and a malware intelligence service.
In a blog post, Stephen Gillett, the CEO of Chronicle, said that the company was originally started in February 2016 as a Google X project, part of Alphabet’s secretive X research lab. Alphabet has launched other independent companies from its X research lab, including Waymo, the self-driving car company.
Chronicle’s aim is to make it easier, faster, and cheaper for companies to capture and analyze these threats by using the firm’s analytics platform. That platform will incorporate machine learning and advanced search capabilities to give companies better insight into the threats, Gillett said.
That platform will also incorporate the same scalable infrastructure that powers all of Alphabet’s initiatives, which require storage and processing power.
Gillett joined Google Ventures as an executive-in-residence in 2015 after working for several IT companies including as COO of cybersecurity firm Symantec. Other members of the Chronicle executive team include Mike Wiacek and Shapor Naghibzadeb from Google’s security team, and Bernardo Quintero of VirusTotal, a malware intelligence firm that Google acquired in 2012.
Gillett said that security threats are proliferating so quickly that even large organizations with dedicated security teams cannot detect and investigate all the threats. He added that it’s not uncommon for IT systems to generate tens of thousands of security alerts every day and that most teams can only investigate a few hundred of them.
“We know this mission is going to take years, but we’re committed to seeing it through,” Gillett said in the post. Chronicle has been working with a number a Fortune 500 companies to fine-tune its technology and some of those companies are already testing a preview release of the platform, which Gillett said is part of an “early alpha program.”
Chronicle joins a number of security startups that have launched recently, and nearly all of them say they plan to use machine learning, artificial intelligence and blockchain to predict and prevent security attacks.