Israeli cybersecurity firm Team8 announced a strategic partnership with New York City Economic Development Corporation (NYCEDC) aimed at bolstering NYC’s cybersecurity ecosystem.
The company said Tuesday it will join the Cyber NYC initiative, a $100 million public-private investment to make New York City a global leader in cyber innovation.
“New York City has quickly become the international capital for cybersecurity and a leader in tech innovation,” said NYCEDC President and CEO James Patchett. “As we build on this success, EDC is excited to launch a partnership with Team8 as they grow a new cyber hub in New York City and lend their valuable expertise to our game-changing Cyber NYC initiative. We look forward to collaborating with Team8 on projects that help fuel the next generation of talent in the city’s growing cyber and tech ecosystems.”
Team8 is building a hub for cyber talent at its New York HQ, where its portfolio companies are located, including a recently launched joint venture with Moody’s to create a global standard for assessing cyber risk.
Team8’s Co-Founder and CEO Nadav Zafrir, former commander of the IDF’s Intelligence Unit 8200, has joined Cyber NYC’s advisory board. “We’re really excited about our joint activities with EDC, and we’re honored to work with leaders from the ecosystem to establish New York City as a global cyber capital,” said Zafrir. “We hope to foster a new level of excitement and prestige around cyber to drive the City’s burgeoning tech ecosystem and cultivate exceptional, highly skilled talent.”
The EDC-Team8 partnership will focus on three tracks: Training and developing talent, growing New York City’s cyber ecosystem, and identifying the next big breakthrough idea from academia. To better prepare the workforce of the future, full-time and internship opportunities across both Team8 and its portfolio companies will be created for local talent in the group’s New York City headquarters.
Team8 is also working with Columbia University’s Inventors to Founders Initiative (I2F) on sourcing and evaluating projects to glean breakthrough technologies that can transform the industry and create a new wave of NYC cyber startups. Team8 will serve as mentors to the program and its companies, co-hosting accelerator events, research symposiums, and other ecosystem building programs.