Team8, Israel's cybersecurity think tank and company creation platform, announced today it has added Intel to its global cyber syndicate. This new strategic relationship will help Team8 develop disruptive companies that address the biggest problems in cybersecurity and provide organizations with an advantage over cyber threats.
Intel will join Team8 cyber syndicate members Microsoft, Cisco, Qualcomm, AT&T, Citigroup, Accenture, Nokia, Temasek, Mitsui, Bessemer Venture Partners, Eric Schmidt's Innovation Endeavors and Marker LLC. The companies in the cyber syndicate work closely with Team8 during the exploration, conceptualization and validation stages of its company creation process.
Intel will reportedly open a cybersecurity center in Jerusalem.
Intel will work with Team8 to secure future computing, IoT, Mobile, Automotive and Cloud technologies. Intel and Team8 will collaborate to identify security gaps in future networks, technologies and infrastructures with a view to developing new cyber paradigms to address these challenges. Intel will also explore new business opportunities with the ensuing companies created by Team8's foundry. In particular, Intel will work closely with Team8 portfolio company illusive networks on deception technology and invest several million dollars in it.
Intel VP Software and Services Group and General Manager, Platform Security Division Rick Echevarria said, "Intel is committed to cybersecurity and we are always looking for the best and the brightest to further our capabilities and provide industry leading security. Team8 provides a unique vantage point and deep experience that makes them a natural fit for future Intel's security offerings."
"Our mission is to tackle the biggest problems in cybersecurity and give organizations the advantage over cyber attackers. Adding Intel to our syndicate is a critical extension that will give us a unique insight to the security challenges associated with the mobile, cloud and IoT revolutions," said Nadav Zafrir, Co-Founder and CEO of Team8.
Team8 was founded by veterans of the IDF's Intelligence & Technology Unit 8200; Nadav Zafrir (former commander of the unit), Israel Grimberg (former head of its cyber division) and Liran Grinberg (former distinguished officer). Since its launch in 2014, it has announced the launch of two companies, illusive networks and Claroty, with several more companies currently operating in stealth. illusive networks specializes in deception technology used to detect targeted attacks, while Claroty's industrial security platform secures and optimizes critical industrial infrastructure sites such as power grids, steel mills, chemical, food and beverage sites and oil refineries.
Published by Globes [online], Israel business news - www.globes-online.com - on June 21, 2017
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