Coming fast on the heals of the news that Paypal has acquired early stage Israeli cyber company, Cyactive, is the news that CISCO plans to mine the fertile Israeli cyber security start-up business. CISCO is investing in Team8, a cyber security incubator, supplementing its direct investment and acquisition activities in Israel. Israel continues to demonstrate cyber security innovation capabilities well ahead of the country's size.
Cisco’s latest investment in Israel is in Team8, a cyber-security incubator established by Nadav Zafrir, former commander of the Israeli Defense Forces’ vaunted 8200 intelligence unit. Team8 raised $18 million from a series of venture capital funds and strategic investors, including Cisco.