Phantom substantiates $13.5m series B

In-Q-Tel has returned to back a series B round for Phantom, having previously made a strategic investment in May 2016.

Phantom, a US-based cybersecurity technology developer, raised $13.5m in a series B round on Tuesday that included In-Q-Tel, the venture capital affiliate of the US intelligence community.

The round was led by Kleiner Perkins Caufield & Byers, while Blackstone, TechOperators Venture Capital, Foundation Capital, Rein Capital, Zach Nelson and John Thompson also took part.

Founded in 2014, Phantom operates a platform to orchestrate and automate cybersecurity operations. Third-party developers are able to contribute apps to handle specific cases such as cloud-based security and reputation services.

The company has now raised more than $23m, according to its latest press release. In-Q-Tel previously entered into a strategic investment and technology development agreement with Phantom in May 2016, though financial details were not disclosed.

TechOperators, Blackstone, Rein Capital, Nelson and Thompson provided $6.5m in series A funding in September 2015, adding to a $2.7m seed round supplied in April 2015 by Rein, Foundation Capital, Nelson, Thompson, Thomas Noonan and John Becker.

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