Tag Archives: cybersecurity

Microsoft and Qualcomm invest in Team8

Commentary

Microsoft started the new year with a bang by further ramping up its investment in cybersecurity, a fast-growing industry which is expected to reach a market size of $170 billion by 2020. This week, the tech giant, along with Qualcomm, have invested an undisclosed amount in Team8, a two-year old cybersecurity firm based in Israel. Team8 was founded by Nadav Zafrir, Liran Grimberg and Israel Grimberg, top veterans of the prestigious Unit 8200, Israel Defense Force’s technology and intelligence agency. Unlike typical cybersecurity companies, Team8 is a think tank that develops highly specialised startups that tackle the biggest problems in cybersecurity today. The investment in Team8 underscores Microsoft’s commitment to cybersecurity as well as validates Israel’s growing influence in the sector.

Cylance raises $100 million

Commentary

Cylance, a cybersecurity startup that uses machine-learning and artificial intelligence to counter malware has raised $100 million in a Series D round from Blackstone Tactical Opportunities, Insight Venture Partners and existing investors. Cylance now has a total funding of $177 million. Founded in 2012 by cybersecurity expert Stuart McClure, Cylance has a sophisticated platform that involves a suite of algorithm-based protocols that examine networks for weaknesses even before they cause harm, and shuts them down. Cylance also integrates human-generated codes with a system that learns how a hacker thinks in order to predict and avert cyber attacks.

CloudFlare’s flair

Commentary
Following the successful fundraising of Zscaler, Tanium and Crowdstrike, leading US Internet performance and security company CloudFlare announced that it has raised $110 million from Fidelity Management and Research Company, Google Capital, Qualcomm Ventures and Baidu. CloudFlare is a service that protects and speeds up websites by up to 50% by acting as a proxy between visitors and servers. It’s being utilised by over two million websites and processes around 5% of the Internet’s traffic. According to sources, this deal will see CloudFlare push further into China. Baidu and CloudFlare had signed a partnership in 2014. The “virtual” joint venture, considered unprecedented by tech observers, allows CloudFlare’s technology to be used by Baidu’s platform to scale China’s Great Firewall without CloudFlare officially operating in the country. By combining CloudFlare’s expertise and Baidu’s network of data centres, the two companies have created a unified network that allows local and foreign websites to load faster in China. In addition to China, CloudFlare plans to pursue further international expansion, explore opportunities in mobile and expand its networks.