Cloud Computing: Israel’s Team8 attracts investment for cyber security firms
February 10, 2015
Grazed from Reuters. Author: Steven Scheer.
Team8, an Israeli venture capital fund focused on the cyber-security industry, said on Tuesday it had raised $18 million in its first round of funding, including investment from Alcatel-Lucent and Cisco . Also participating in the round were Bessemer Venture Partners, Marker LLC and Innovation Endeavors, which was founded by Google executive chairman Eric Schmidt.
Led by veterans of the Israeli army’s 8200 intelligence and electronic espionage unit, Team8 aims to develop cyber-security companies that offer more in-depth protection than the usual defence against hacking attempts by generic malware. Bessemer partner David Cowan said that could set them apart from the legions of security start-ups in Silicon Valley…
"When you are being targeted by human-driven campaigns you need a much deeper skill set in cyber operations that you won’t find in Silicon Valley and is nearly impossible to find outside of criminal organisations and governments," he told Reuters…
Read more from the source @ http://www.reuters.com/article/2015/02/10/israel-cybersecurity-team-idUSL5N0VJ1MW20150210