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RSAC ISBISB 2016WinnerAcquired

Phantom Cyber

Security Operations

Security orchestration, automation and response (SOAR) — automate playbooks across security tools.

Founded
2014
ISB Year
2016
Raised
$22.7M
Exit Price
$350M
Years to Exit
4 years
Year Acquired
2018

Funding & Investors

Total Funding

$22.7M

Rounds

Seed, Series A, Series B ($13.5M)

Key Investors
Kleiner PerkinsBlackstoneIn-Q-TelFoundation Capital

Outcome

Acquisition

Acquired by Splunk in 2018 for $350M; Splunk acquired by Cisco in 2024 for $28B

Lesson Learned

Defined the SOAR category. Lesson: building a platform that integrates with other tools (rather than replacing them) is a powerful go-to-market wedge.