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previously raised an $18 million Series A funding round from Alcatel-Lucent, Cisco Investments, Marker LLC, Bessemer Venture Partners (BVP), and Innovation Endeavors, in Feb. 2015. “Cyberattacks are evolving and are no longer only a CIO, CSO or IT department issue,” said John Donovan, chief strategy officer and group president, AT&T Technology and Operations. “Breaches, leaked documents and cyberattacks impact customers, stock prices, brand reputation and competitive edge. This strategic investment is key to not merely iterating, but innovating against today’s highly adaptive attacker.” “Global cybersecurity threats are only becoming more targeted, frequent, and destructive in nature, so we’re fortunate to be partnering with Team8, who is at the forefront of new cutting-edge cybersecurity innovation,” said Eric Schmidt, founding partner of Innovation Endeavors and executive chairman of Google. “Team8 is a great example of how Israel has some of the best talent in the world to confront these challenges through its ability to develop advanced and creative solutions for this rapidly evolving landscape.” The Team8 foundry is a platform for building and launching cyber-security companies from scratch. At the core of the foundry is a technology research group that acts as an operational “think tank,” carrying out extensive, practical research that incorporates offensive and defensive expertise. Team8 has assembled a unique pool of talent, and applies proven methods for tackling the most challenging cyber-security problems. Team8 also recruits experienced entrepreneurs to partner with technical teams, and plans to inject the capital, resources, expertise, and talent they need at every phase to launch successful startups. “With the escalation of cyber conflicts, the world needs inter-disciplinary teams of the very best talent to formulate new approaches to security,” said Team8 co-founder Nadav Zafrir. “Cyber-security is a global issue, and collaboration is critical to maintaining an advantage over today’s highly innovative and motivated attackers,” he added. Co-founded by Nadav Zafrir, Israel Grimberg and Liran Grinberg, all veterans of Unit 8200 (the equivalent of America’s National Security Agency), Team8 does not invest in cybersecurity companies, they create them. At Team8’s core is a research group with intimate knowledge of both offensive and defensive aspects of cybersecurity. By leveraging its research group, access to the best cyber talent, and a global network that gives Team8 companies access to customers, partners and key influencers, Team8 has reinvented the entire company-creation process. The result: a cyber innovation platform uniquely engineered to create category-leading cyber-security companies that tackle the biggest problems in cyber-security and help organizations reclaim the advantage over attackers. Team8’s strategic investors work closely with its research group throughout the company-creation process. Accenture, one of the world’s leading professional services companies, will work with Team8 on a collaborative R&D agenda to innovate tailored solutions and strengthen the cybersecurity capabilities it delivers to enterprise clients. “We see significant opportunities to ideate with Team8 to deliver advanced cyber-security capabilities that go well beyond establishing perimeter security and reactive cyber defense postures,” said Paul Daugherty, Chief Technology Officer of Accenture. “Through our unique model of collaborative R&D, we will bring together capabilities across our global network of Accenture Technology Labs and our technology ecosystem to develop breakthrough solutions to help clients adapt in a sophisticated threat landscape.” Team8 and Nokia Bell Labs will collaborate on research initiatives to support large-scale telecommunications infrastructures. New investors Mitsui and Temasek extend Team8’s reach into Asia. Mitsui is one of the most diversified and comprehensive Japanese trading, investment and service enterprises in the world. Japan is the second largest security market outside of the United States. Temasek, a Singapore-based investment company, owns and manages a net portfolio of over $US200 billion primarily in Singapore and Asia. Its portfolio covers a broad spectrum of sectors including financial services, telecommunications, media and technology, transportation and industrial, life sciences, consumer, real estate, as well as energy and resources. Since its launch in February 2015, Team8 launched illusive networks and is on pace to launch two more companies in 2016. illusive networks, a market leader in deception technology, recently announced a $22 million B Round of funding, led by NEA and including participation from Citi Ventures. illusive networks counts Fortune 100 companies in the financial, insurance, retail, technology and healthcare sectors among its customers. Over the past year, Team8 has also helped recruit over 120 new hires to its portfolio companies. Team8 plans to recruit an additional 150 people in 2016 and announced that Ronit Benbasat Rom, former VP human resources at Check Point (worldwide), is joining its management team as VP human resources to support its recruiting efforts. Photo Credit: Business Wire — Team8 executive leadership: (L toR) Nadav Zafrir, Co-Founder and CEO; Ronit Benbasat Rom, VP of Human Resources; Liran Grinberg, Co-Founder, CMO and Business Development Officer; Israel Grimberg, Co-Founder and Chief Innovation Officer; and Assaf Mischari, Head of Research. ]]>