Google X Is Launching a Cybersecurity Company Called Chronicle

Google's parent company Alphabet today announced the launch of Chronicle, a new cybersecurity company that aims to give companies a better chance at detecting and fighting off hackers. "Chronicle is graduating out of Alphabet's X moonshot group and is now a standalone company under the Alphabet umbrella, just like Google," TechCrunch reports. From the report: Stephen Gillett, who joined X from Google Ventures and was previously the COO of Symantec, will be the new company's CEO. To get started, Chronicle will offer two services: a security intelligence and analytics platform for enterprises, and VirusTotal, the online malware and virus scanner that Google acquired in 2012. Gillett writes that the general idea behind Chronicle is to eliminate a company's security blind spots and allow businesses to get a better picture of their security posture. "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," writes Gillett. "We are building our intelligence and analytics platform to solve this problem." What exactly this new platform will look like remains to be seen, though. Gillett notes that it will run on Alphabet's infrastructure and use machine learning and advanced search capabilities to help businesses analyze their security data. Chronicle also says that it will offer its services in the cloud so that they can "grow with an organization's needs and don't add yet another piece of security software to implement and manage."