In-Q-Tel grows stake in cyberscurity firm
In-Q-Tel has made a second investment in Phantom, a company developing a technology to integrate discrete cybersecurity point products.
In-Q-Tel has made a second investment in a company with a promising cybersecurity technology.
The CIA-backed investment arm is part of a group of investors led by Kleiner Perkins that is investing $13.5 million in Phantom, a company that provides a community-powered automation and orchestration platform.
In-Q-Tel, which provides funding to companies with technologies that could benefit the intelligence community, invested in Phantom in April of last year.
So far, the company has raised a total of $23 million in funding that will go toward accelerating growth in sales, marketing and engineering.
The company's products integrate point products and allow customers to automate many of their cybersecurity operations.