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Alphabet aims for Splunk in security startup’s coming-out party

Alphabet Inc. announced its biggest thrust into the cybersecurity space Monday, as the Google parent company’s internal security startup, Chronicle, detailed a new big-data software offering similar to Splunk Inc.

At an event connected to the annual RSA security conference in San Francisco, Alphabet GOOGL, +0.43%GOOG, +0.60% unveiled Backstory, a big-data software product that intends to collect, retain and maintain a history of network traffic. It is similar to offerings from Splunk SPLK, -5.01% , a pure-play big-data name, as well as larger security players like Qualys Inc. QLYS, -2.39% , though Chronicle insisted there is nothing of its type in existence.

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