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Team8 Unveils Identity-Based Cloud Security Startup Portshift

The Israeli cyber foundry also announced it backed Portshift with a $5.3 million Seed investment

Amarelle Wenkert 14:0620.11.18

Israeli cybersecurity foundry Team8 LLC on Tuesday unveiled new identity-based cloud security startup Portshift, also announcing it backed the new company with $5.3 million in Seed investment.

 

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Portshift’s model of security is built into the development instead of being layered on, protecting applications from coding stage, Team8 said in a statement. “The old world of security based on IPs and ports is not able to keep up with the way IT infrastructure scales today,” Ran Ilany, Portshift CEO and co-founder, said in a statement. To keep up, he said, security has to be integrated into development, deployment, and operations processes.

Portshift. Photo: PR Portshift. Photo: PR

 

Ilany is a serial entrepreneur and former head of security infrastructure division at Israeli firewall pioneer Check Point Technologies. Portshift co-founder Zohar Kaufman is a 20-year-veteran of Israeli tech industry, who managed research and development operations at cloud storage company CTERA Networks Ltd.

 

While operating in stealth mode, Portshift has already acquired clients in the U.S. and Europe, Team8 said.

 

Founded in 2014 and based in Tel Aviv and New York, Team8 is a cyber think tank and a startup foundry headed by Nadav Zafrir, former chief of Unit 8200, the Israeli military's NSA equivalent. Team8 characterizes industry cyber protection needs and develops related technologies, going as far as establishing, staffing, funding, and raising capital for companies that go on to operate under Team8’s umbrella. Team8 has founded five companies to date.

 

Last month, Team8 announced a new $85 million fund backed by investment from Walmart, Japan’s SoftBank Group International, European aerospace company Airbus Group SE, Singapore's governmental holding company Temasek Holdings (Private) Ltd., and ten more multinational companies.
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