Google Parent Launches Cybersecurity Firm

"We want to 10x the speed and impact of security teams' work by making it much easier, faster and more cost-effective for them to capture and analyze security signals that have previously been too difficult and expensive to find," he said in a blog post. Chronicle plans to leverage Alphabet's technology to help companies run analyses faster and store larger amounts of data to recognize patterns. Chronicle illustrates Alphabet's mission to make a variety of smaller bets outside of Google that could become its next big business. Other units include DeepMind, an artificial-intelligence firm; Calico, a life-extension lab; and two investment firms. Its last new unit, the self-driving-car firm Waymo, launched in December 2016. So far, none of the new units have become significant businesses.