TEL AVIV, Israel, Feb. 22, 2017 /PRNewswire/ -- Team8, Israel's leading cybersecurity think tank and venture creation foundry, announced today that David DeWalt, former CEO and Chairman of McAfee and FireEye, is joining Team8's Board of Directors. Mr. DeWalt also joined Team8's industrial security portfolio company, Claroty, as Chairman of the Board.
Widely recognized as one of the most successful business leaders in the cybersecurity industry, Mr. DeWalt brings more than 25 years of experience in the cybersecurity sector. In addition to the executive roles he held at McAfee and FireEye, he also served as Chairman of Mandiant, Vice Chairman of ForgeRock and ForeScout Technologies, led the sale of McAfee, Documentum, and Eventus, and has acquired more than 50 companies over the course of his career. He was also appointed by the 44th President of the United States, Barack Obama, to the National Security Technology Council (NSTAC).
"Team8's innovative and bold venture creation platform brings together the very best cyber R&D talent and leadership to create game-changing companies that I believe will have a tremendous impact on the cybersecurity market," said DeWalt. "Their first two companies, illusive networks and Claroty, are true pioneers in their respective fields and I am excited to be taking an active part in their future."
"David is a pioneer in the cybersecurity industry and we are excited to welcome him to Team8's board of directors," said Nadav Zafrir, Team8's co-founder and CEO. "Having David join our board is a tremendous vote of confidence in our ability to develop leading cyber companies and we believe his strong experience building global businesses will be extremely valuable as Team8's portfolio companies continue to scale up in the US, Europe and Asia."
In addition to DeWalt, Team8's Board of Directors includes well-known investors and cybersecurity professionals, including David Cowan, Partner at Bessemer Venture Partners and one of Silicon Valley's most active cybersecurity investors; Ray Rothrock, CEO of RedSeal and long-time cyber investor and Check Point board member; Yuval Shachar, General Partner and co-founder of Marker LLC; and Dror Berman, Managing Founding Partner of Eric Schmidt's Innovation Endeavors.
Since its establishment in 2014, Team8 has announced the launch of two companies, illusive networks and Claroty, with several more companies currently operating in stealth. illusive networks specializes in deception technology used to detect targeted attacks, while Claroty's industrial security platform secures and optimizes critical industrial infrastructure sites such as power grids, steel mills, chemical, food and beverage sites and oil refineries. Recently, Claroty announced Mr. DeWalt as Chairman of the Board.
Team8 has raised collectively with its portfolio companies more than $92M in funding, employs 185 people in Israel, US, UK and Singapore and intends to hire 100 additional employees in 2017. It is backed by Microsoft, Cisco, Qualcomm, AT&T, Accenture, Nokia, Temasek, Mitsui, Bessemer Venture Partners, Eric Schmidt's Innovation Endeavors and Marker LLC.
Team8, Israel's most prestigious cybersecurity think tank and venture creation foundry, develops disruptive companies that challenge the biggest problems in cybersecurity today. The Team8 innovation process combines a research team with intimate knowledge of both offensive and defensive aspects of cybersecurity, access to the best cyber talent, and a global syndicate that provides access to customers, partners and key influencers. Team8 was founded by leading cybersecurity experts Nadav Zafrir, Israel Grimberg and Liran Grinberg, all with deep ties to Israel's famous IDF Technology & Intelligence Unit 8200. It is backed by Microsoft, Cisco, Qualcomm, AT&T, Accenture, Nokia, Temasek, Mitsui, Bessemer Venture Partners, Eric Schmidt's Innovation Endeavors and Marker LLC. For more information on Team8, please visit http://www.team8.vc.
Matthew Krieger, GKPR for Team8