Israel’s Team8 raises $104M to make bigger cybersecurity bets

Team8, the Israel-based firm founded by a team of intelligence vets and backed by the likes of Intel, Microsoft, Walmart and Cisco to develop and spin out cybersecurity startups, is announcing a step change in its business model that underscores the huge amount of activity we’re seeing these days in the sector. Alongside its studio model, it’s launching a venture capital arm, with the aim of investing in Seed, A, and B rounds for a variety of cybersecurity startups, not just those that it’s building itself.

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