Cybersecurity
Microsoft, Qualcomm, Citi Join Israeli Cyber Syndicate
- Additional partners ‘dramatically improve research’: Team8
- Team8 companies generated more than $22M in sales last year
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Team8, founded by veterans of an elite Israeli intelligence unit to solve what they consider the world’s most pressing cybersecurity problems, welcomed Citigroup Inc. and the venture arms of Microsoft Corp. and Qualcomm Inc. into its syndicate.
The group of military veterans, who have raised more than $92 million, plan to launch two companies this year. Existing portfolio companies Illusive Networks Ltd., which entices hackers to trigger an alarm by planting false data, and Claroty, whose platform secures critical industrial infrastructure, generated $22 million in sales last year.