Temasek Holdings has invested in an $85-million cybersecurity venture fund raised by Team8, an Israeli cybersecurity think-tank and startup builder. The announcement comes a week after the Singapore state investment firm acquired cybersecurity firm Sygnia incubated by Team8 for $250 million.
Set up by former officials of Israeli Defense Force’s Intelligence Unit 8200, Team8 is a combination of a think tank, startup incubator and venture fund. It has so far launched four companies, including Sygnia, and raised $260 million. It recently appointed former NSA director Admiral Mike Rogers to its board of advisors.