Backed by Walmart and Cisco, Israel’s Team8 raises $365m to help build AI startups
Sharon Wrobel is a tech reporter for The Times of IsraelIsrael’s Team8, a venture capital group that develops and spins out tech companies, has raised $365 million in fresh funds to invest in local startups and founders who build infrastructure and software to securely manage the adoption of artificial intelligence workloads.The funding, which is backed by investors including Walmart, Cisco, Moody’s, AT&T, SoftBank and Temasek, brings Team8’s total assets under management to almost $2 billion, the venture group said on Wednesday. Among the new investors is Indian IT service provider giant Infosys.Out of the fresh capital, $265 million was raised for Team8’s third venture capital fund, which will target seed investments and Series A rounds of about 16 Israeli-founded AI startups working across cybersecurity, software infrastructure, fintech and digital health.The fund has already invested in Israeli cybersecurity startup Koi Security, which was acquired earlier this year by Palo Alto Networks…
Israel’s Team8, a venture capital group, has secured $365 million in new funding, bringing its total assets under management to nearly $2 billion. Backed by investors including Walmart, Cisco, Moody’s, AT&T, SoftBank, Temasek, and Infosys, the capital will support Israeli startups focused on secure AI adoption.
- $265 million is allocated for Team8’s third venture capital fund, targeting seed and Series A investments in approximately 16 Israeli AI startups across cybersecurity, software infrastructure, fintech, and digital health.
- An additional $100 million is earmarked for follow-up investments in existing portfolio tech startups.
- Sarit Firon, Team8 Managing Partner, stated, "AI is fundamentally rewriting the economics of company building."
- Team8 co-founder Liran Grinberg emphasized, "As AI accelerates change and creates real uncertainty across every enterprise, the biggest opportunities sit in the infrastructure and cybersecurity layers that let enterprises adopt this technology with confidence."
Founded in 2014 by Nadav Zafrir and other Unit 8200 veterans, the Tel Aviv-based group typically invests $5 million to $10 million per startup.
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