How Eric Schmidt, Cisco, And An Israeli Spymaster Launched A New Cybersecurity Incubator
Nadav Zafrir, the former Unit 8200 chief, has brought many entities together. One partner calls it a "kooky structure" for a company.
A new cybersecurity incubator named Team8 Ventures that is exiting stealth mode today has an unusual pedigree: Co-founded by the recently departed chief of Israel's cyberspy program, the incubator is launching with a $18 million funding round from Google executive chairman Eric Schmidt's Innovation Ventures, Bessemer Venture Partners, and Marker LLC, along with input from Cisco and Lucent Technologies. Team8's apparent goal? To leverage the offensive and defensive skills of veterans of Israel's cyberwar efforts to build new security startups which the company describes as "disruptive."
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