Barclays, Walmart Join New $85M Innovation Coalition

Innovation incubator Team8 recruits major partners, investors to create new products that help businesses thrive by security.

A new coalition of major finance, retail, aerospace, and technology firms has secured an $85 million capital investment to build new companies and products that are secure by design and drive digital transformation.
The coalition is led by Team8 — the Israel-based innovation incubator that generated threat deception company Illusive and IoT security company Claroty. Walmart, Airbus Defense and Space, Dimension Data, Munich Re, Moodys, Barclays, Softbank, and Scotiabank have all joined. The efforts $85 million capital investment is being provided by Team8s existing investors, including M-12, Microsofts venture capital arm, Nokia, Cisco Investments, Bessemer Venture Partners, Temasek, and Innovation Endeavors.
Thrive By Security is the coalitions mantra. Because many companies find security to be a barrier to the adoption of new technology, the coalition aims to create companies that enable the adoption of new technology. Its approach will focus on using cybersecurity as a catalyst for growth and building security into infrastructure and data science.
Any companies spun out of this project will operate independently and share ownership with investors.
Read more details
here
and
here
.

Black Hat Europe returns to London Dec 3-6 2018 with hands-on technical Trainings, cutting-edge Briefings, Arsenal open-source tool demonstrations, top-tier security solutions and service providers in the Business Hall. Click for information on the
conference
and
to register.

Last News
▸ ArcSight prepares for future at user conference post HP acquisition. ◂ Discovered: 07/01/2025 Category: security	▸ Samsung Epic 4G: First To Use Media Hub ◂ Discovered: 07/01/2025 Category: security	▸ Many third-party software fails security tests ◂ Discovered: 07/01/2025 Category: security

**Cyber Security Categories**
Google Dorks Database	Exploits Vulnerability	Exploit Shellcodes

CVE List

Tools/Apps

News/Aarticles

Phishing Database

Deepfake Detection

Trends/Statistics & Live Infos

Tags:
Barclays, Walmart Join New $85M Innovation Coalition