# Phantom Cyber Corporation

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/phantom-cyber

- Industry: IT Security/Cybersecurity
- Headquarters: Palo Alto, US
- Website: www.phantomcyber.com
- Total disclosed funding: $23M
- Latest round: Series B (Jan 17, 2017)
- Investors on record: 6

## About

Phantom Cyber Corporation specializes in security orchestration, automation, and response solutions that enhance incident response workflows for security teams across various industries.Founded in 2014 and headquartered in Palo Alto, US, Phantom Cyber Corporation offers security automation solutions. The company was acquired by Splunk Inc. in February 2018 for USD 350 mn in cash and stock, marking a strategic pivot in its operations. The founder's history and additional information regarding previous ventures are not available.Phantom Cyber Corporation's Splunk SOAR platform specializes in security orchestration, automation, and response solutions, optimizing incident management workflows. It boasts over 100 pre-built playbooks, integrates with more than 350 tools, and enables over 2800 automated actions, catering to industries like finance, healthcare, and technology.The revenue model for Splunk SOAR is based on subscription fees, with various pricing tiers to accommodate different organizational needs. Clients can choose from annual or monthly subscriptions, including a community edition that allows up to 100 actions daily, while enterprise solutions offer greater scalability for larger enterprises.Following its acquisition by Splunk Inc., Phantom Cyber Corporation looks to enhance its offerings by developing new products and expanding into additional markets. The acquisition deal, completed in February 2018, will provide resources for these initiatives, aligning with Splunk's growth strategy in cybersecurity.

## Funding rounds

- Series B, Jan 17, 2017, $14M — Blackstone Group, Kleiner Perkins, Foundation Capital, Rein Capital, TechOperators, In-Q-Tel
- Series A, Sep 11, 2015, $6.5M — Blackstone Group, Rein Capital, TechOperators
- Seed, Apr 14, 2015, $2.7M — Foundation Capital, Rein Capital

## Investors

- Foundation Capital (https://capitalatlas.ai/funds/foundation-capital) — Seed, Series B
- Rein Capital (https://capitalatlas.ai/funds/rein-capital) — Seed, Series A, Series B
- Blackstone Group (https://capitalatlas.ai/funds/blackstone-group) — Series A, Series B
- TechOperators (https://capitalatlas.ai/funds/techoperators) — Series A, Series B
- Kleiner Perkins (https://capitalatlas.ai/funds/kleiner-perkins) — Series B
- In-Q-Tel (https://capitalatlas.ai/funds/in-q-tel) — Series B