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Microsoft Ventures, Qualcomm invest in Team8, an Israeli cybersecurity startup
According to a new report from Reuters, Microsoft Ventures, Qualcomm and others have invested in Team8, an Israeli cybersecurity startup. The investment is just one of the latest from Microsoft Ventures, which previously put $20 million steaks at Tel Aviv University (TAU) to develop IoT technologies just one month ago. Microsft Venture's investment comes at a time when there are growing cyber threats, according to Yoram Yaacovi, general manager of Microsoft Israel's development center. With the investment, nonetheless, Team8 plans to build a portfolio of different technologies. Other notable companies investing in Team8 include Cisco, AT&T, Accenture, Nokia, Singapore's Temasek, Japan's Mitsui, Bessemer Venture Partners, Google executive chairman Eric Schmidt's Innovation Endeavors and Marker LLC. In a statement made at a news conference, Nadav Zafrir, Team8 CEO reflected on what the investment means.