Cybersecurity
Alphabet Launches New Company to Hawk Cybersecurity Services
- Chronicle is latest unit to spin out of research lab X
- Exec touts speed, security but no details on clients and plans
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Google has a new sister: Parent company Alphabet Inc. announced the formation of a new subsidiary company, called Chronicle, focused 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 Wednesday, 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.