Israel Matzav

Google CEO invests in Israeli cybersecurity startup

Google CEO Eric Schmidt was in Israel this week, and invested $5 million in the A round (that's not bad money for an A round) of Israeli cybersecurity startup Illusive Networks.

Google CEO Eric Schmidt, who was in Israel this week, publicly praised the Israeli cybersecurity startup Illusive Networks, after a venture capital firm he partners with invested $5 million in the startup, Entrepreneur magazine reported Tuesday.

Illusive Networks raised $5 million in Series A funding from cybersecurity think tank Team 8, which is a partner with Innovation Endeavors, the VC firm founded by Google Chairman Eric Schmidt.

“Illusive Networks is a perfect example of the kind of ‘out of the box’ thinking necessary to challenge the growing threat of targeted attacks,” Schmidt said in a press release.

Team 8 is an Israel-based cybersecurity incubator and venture capital firm.

Illusive Networks’ method for catching hackers involves layers of deceptions that entice a hacker to go deeper into a company’s network until he gets caught.

To read about how the technology works, go here. 

And if you're an Israeli startup looking for funding or an investor (anywhere) looking to invest in Israeli companies, feel free to drop me an email. I might be able to help you out.

Labels: cyberwar, Google, Israeli high tech

posted by Carl in Jerusalem @ 6:20 PM