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Bloomberg
Google has a new sister: Parent company Alphabet Inc. announced the formation of a new subsidiary company, called Chronicle, focussed on cybersecurity.
Chronicle was formed in 2016 inside of X, Alphabet’s experimental lab that has produced its driverless car effort, Waymo, and projects on drones, internet connectivity and the Google Glass headset.
In the announcement, the new company stressed the speed and data-storage capacity it would offer companies looking to fix security issues, which Chronicle said gives it an edge over other companies in the cybersecurity market.
Chronicle provided no further details on its business model or technical products.
Stephen Gillett, the unit’s CEO, wrote in a blog post that Chronicle’s advantage would come from Alphabet’s gigantic computer infrastructure and machine learning, a popular type of AI.
“We’ll be able to help organisations see their full security picture in much higher fidelity than they currently can,†he said.
Gillett said the company is testing an early version of its services with some Fortune 500 firms, but he declined to name them.
“We are absolutely committed to staying ahead of cyber-criminals and we have the resources to see it through,†he said.
Gillett formerly served as chief operating officer of security-software company Symantec Corp. He said he joined X in early 2016 and began working on the project that would become Chronicle.