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Team8 adds Intel to its growing global cyber syndicate
TEL AVIV June 21, 2017 Team8, Israel's leading 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 current 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, ideation and validation phases of its company creation process.
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.
"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," said Rick Echevarria, Vice President, Software and Services Group and General Manager, Platform Security Division at Intel Corporation. "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 and former Commander of Israel's Technology & Intelligence Unit 8200.
Team8 was founded by veterans of the IDF's Intelligence & Technology Unit 8200; Nadav Zafrir (former head 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.
Team8, Israel's most prestigious cybersecurity think tank and company creation platform, develops disruptive companies that challenge the biggest problems in cybersecurity today. The Team8 innovation process combines a research team with intimate knowledge of both offensive and defensive aspects of cybersecurity, access to the best cyber talent, and a global syndicate that provides access to customers, partners and key influencers. Team8 was founded by leading cybersecurity experts Nadav Zafrir, Israel Grimberg and Liran Grinberg, all with deep ties to Israel's famous IDF Technology & Intelligence Unit 8200. It is backed by Microsoft Ventures, Cisco, AT&T, Accenture, Qualcomm, Nokia, Citigroup, Temasek, Mitsui, Bessemer Venture Partners, Eric Schmidt's Innovation Endeavors and Marker LLC. For more information on Team8, please visit http://www.team8.vc