A "moonshot" cybersecurity company within Google parent Alphabet's portfolio will be merged with Google and its threat-detection technology integrated into Google Cloud, the internet giant revealed on Thursday.
Chronicle was born in and spun out from the secretive X division, another Alphabet subsidiary that's essentially a factory for incubating next-generation technologies like Waymo self-driving cars and Loon balloons that provide Internet access in remote areas.
The startup's technology, which takes advantage of Google cloud infrastructure and analytics, protects enterprise systems with advanced threat detection information that helps security analysts evaluate alerts and focus on the most-serious threats.
"This union will create a powerful and comprehensive security portfolio that will benefit all of our customers," wrote Google Cloud CEO Thomas Kurian in a company blog.
"With the trajectories of Chronicle and Google Cloud increasingly converging in response to customer needs, we want to bring these essential capabilities together for customers," Kurian said.
Chronicle's first commercial product was a data security system called Backstory.
"Chronicle’s Backstory investigation flows, added to Google Cloud’s detection, incident management and remediation capabilities, will create a comprehensive end-to-end solution that will enable customers to detect and mitigate threats faster, both within their cloud deployments and across their entire enterprise," Kurian said.
The company also offers VirusTotal, a malware intelligence service that will provide more threat data to customers running applications in Google Cloud, Kurian noted.
Amazon Web Services and Microsoft will likely also build such threat intelligence capabilities going forward as the hyper-scale providers all look to eliminate concerns about security that first came up a decade earlier in the early days of public clouds.
But it's log analytics vendor Splunk that will be most-pressed to come up with a response, Das said, as Chronicle directly will compete with its enterprise big data analysis platform.
When Backstory was first released in March, Splunk's shares lost more than 7 percent of their value. (The stock didn't appear negatively impacted by Thursday's revelation that Chronicle would be absorbed into Google.)