COMPANIES

In-Q-Tel grows stake in cyberscurity firm

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.

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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