January 11, 2017 0 Comments
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.
November 4, 2013 0 Comments
It’s Boom Time for Israel’s Startups
Move over, Silicon Valley, Tel Aviv is now becoming one of the world’s leading tech hubs. This week alone, three startups, Interlude, Tabtale, and Stratoscale, have received funding from local and foreign investors. On top of that, Soluto an award-winning startup, has been acquired by Asurion Corporation, a US company for $130 million.
So what makes Israel’s startups so attractive to investors and acquirers? The answer is simple. Israeli entrepreneurs set their sights beyond their local market from day one. Israel is a country of less than eight million people, and their startups tend to be born global in the pursuit of scale. Our tip is that we’ll continue to see a number of significant acquisitions from the region over the next 24 months.
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