January 11, 2017 Comments Off on Microsoft and Qualcomm invest in Team8
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.
June 9, 2016 Comments Off on Cylance raises $100 million
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.
September 30, 2015 Comments Off on CloudFlare’s flair
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