Alphabet just launched Chronicle, a new cybercrime company from its moonshot factory

Alphabet, Google's parent company, has a new cybersecurity business born from its X department known as the "moonshot factory."

Chronicle, a new project created to help businesses fight cybercrime, publicly launched Wednesday. 

The company's CEO Stephen Gillett announced the new project in a blog post explaining exactly what the new platform is and what it does. 

For now, it sounds like Chronicle will attempt to make things harder for hackers and help companies with cybersecurity issues. The project started back in 2016 as a moonshot idea, and it's now being spun off into its own company.