Though I don’t agree with the 51 percent of Americans who said Apple should comply with a court order to unlock the iPhone to grant the FBI access to a terrorist’s data, there can be no disagreement about this: the four-way data security seesaw between individuals, corporations, governments, and hackers isn’t going away anytime soon. That’s why it’s so timely that Team8, an Israel-based cybersecurity firm, has secured a $23 million strategic round of funding from a long list of big-name investors, including Accenture, Nokia, Mitsui, and Temasek as well as previously announced investors Cisco, Alcatel-Lucent, Bessemer Venture Partners, Marker LLC, and Innovation Endeavors (an early-stage venture capital firm co-founded by Google chairman Eric Schmidt).
“Cybersecurity is a global issue and collaboration is critical to maintaining an advantage over today’s highly innovative and motivated attackers,” said Nadav Zafrir, co-founder of Team8.
Zafrir formerly served as Commander of Israel’s Technology & Intelligence Unit 8200, and Team8’s other co-founders (Israel Grimberg and Liran Grinberg) also hailed from the Israeli Intelligence Corps unit. Unit 8200 has been likened to the National Security Agency in the U.S., as it focuses on intelligence gathering through the interception of communications between people and devices as well as code decryption.For the full article click here
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