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Alphabet’s Cybersecurity Company Chronicle Launches New Product

Alphabet’s enterprise security startup, Chronicle, announced its first major product, called Backstory, on Monday. Companies can use the product to store cybersecurity data, index it and then analyze it for threats with a Google search style interface. The idea is to help security analysts take advantage of massive amounts of data collected about network activity—data that previously was costly to store and time-consuming to comb through.

Other companies, including Splunk, offer similar capabilities (Splunk’s stock dropped more than 5% on the news) and Microsoft launched a similar product last week. Chronicle CEO Stephen Gillett said at an event in San Francisco that Backstory would be the first of many products to come from the company, which operates as a separate company under Alphabet.

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