Team8 Raises $18M in Series A Funding

Team8Team8, a Tel Aviv, Israel-based new cybersecurity research lab and startup foundry, launched with a USD $18m A-round investment.

Backers included Alcatel-Lucent, Cisco Investments, Marker LLC, Bessemer Venture Partners, and Innovation Endeavors. Ray Rothrock, an investor and board member of Check Point Software Technologies, is joining Team8’s board of directors.

Led by Liran Grinberg, Nadav Zafrir and Israel Grimberg, Team8 is a platform for building and launching cybersecurity companies. Its technology research group, led by cyber research veteran Assaf Mischari, carries out practical research that incorporates offensive and defensive expertise. It also recruits experienced entrepreneurs to partner with technical teams, and plans to provide capital, resources, expertise, and talent to launch successful startups.

The first Team8 company – still in stealth mode – is led by Ofer Israeli and focuses on mitigating targeted attacks and advanced persistent threats (APTs).

FinSMEs

10/02/2015