M&A

In-Q-Tel Phantom investment focuses on cybersecurity

In-Q-Tel, the CIA's investment arm, has taken a stake in Phantom, a company with technology used for security automation and orchestration.

The size of the investment was not disclosed.

Phantom's technology streamlines security operations by creating digital “Playbooks” that can shorten the response time to seconds instead of minutes or hours to accomplish with dozens of point products used in typical security environments, In-Q-Tel said in a release.

“Phantom is pioneering an automation and orchestration platform that will dramatically reduce the response and remediation gap caused by limited resources, an increasing threat surface and incident rate, and the overwhelming complexity of an organization’s security enterprise,”  said In-Q-Tel Principal Julian Mann.

In-Q-Tel invests in companies with promising commercial technology that has potential to help the intelligence community.

About the Author

Mark Hoover is a senior staff writer with Washington Technology. You can contact him at mhoover@washingtontechnology.com, or connect with him on Twitter at @mhooverWT.

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