The data analytics service provider Splunk is giving itself a security upgrade with the $350 million cash and stock acquisition of the security automation technology developer, Phantom Cyber.
One of the new darlings of the security industry, Phantom Cyber launched just four years ago to automate responses to digital threats.
Part of a new breed of tools that use network analysis and machine learning to respond to potential security breaches, Phantom Cyber had previously raised $22.7 million in funding from investors including Kleiner Perkins Caufield & Byers, Foundation Capital, the In-Q-Tel (the investment group affiliated with the Central Intelligence Agency), according to Crunchbase.
