Sign up for free newsletter

 

Phantom closes USD13.5m Series B led by Kleiner Perkins


Phantom, a provider of a community-powered security automation and orchestration platform, has raised USD13.5 million in Series B funding to accelerate growth in sales, marketing and engineering.

The latest round brings Phantom’s total funding to more than USD23 million and is led by Kleiner Perkins.
 
Existing investors TechOperators Venture Capital, Blackstone, Foundation Capital, In-Q-Tel, Rein Capital, Zach Nelson and John W. Thompson also participated in the round.
 
“Security teams are suffocating from the growing volume and velocity of security alerts,” says Ted Schlein, general partner, Kleiner Perkins. “Lack of integration between point products and a shortage of skilled security professionals only exacerbate the problem and makes it all but impossible to respond. Most enterprises are looking at security automation and orchestration to address these challenges. Phantom’s open and extensible platform is the clear leader in this emerging market.”
 
“We are extremely excited to partner with Kleiner Perkins,” says Oliver Friedrichs, founder and CEO of Phantom. “Ted Schlein has been a force of nature in the security industry and has helped to build great companies such as Mandiant, ArcSight, Internet Security Systems, Lifelock, Carbon Black and Fortify.”

events
1 day 5 hours from now - Hong Kong
1 day 5 hours from now - Frankfurt
2 days 5 hours from now - Berlin
6 days 5 hours from now - New York
training
Tue, 07/03/2017   - London
Sun, 19/03/2017   - London
Mon, 20/03/2017   - London
listingsdirectory
IKONIC Fund Services Ltd.
Tue, 29/11/2016 - 11:28
Backstop Solutions Group
Tue, 08/11/2016 - 17:44
The Gemini Companies
Mon, 17/10/2016 - 11:51
specialreports
other gfm publications