Oct 23, 2018

Fortune 500 firms create coalition to launch cybersecurity startups

Photo: Bryan R. Smith/AFP/Getty Images

Team8, a cybersecurity firm run by former Israeli military intelligence, and several Fortune 500 companies, including Walmart, Moody’s, Microsoft's venture capital arm M-12, Cisco, and SoftBank, announced Tuesday that they have formed a coalition with $85 million in capital backing to launch new technology and cybersecurity companies.

The big picture: The coalition wants to build out infrastructure that has cybersecurity built in by design and not as an afterthought, to better deal with the growing cyberthreat landscape. And Team8 has a track record in this space, having incubated and launched four companies before — Sygnia, Hysolate, Illusive Networks, and Claroty.

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39 mins ago - Technology

The slippery slope of protest surveillance

Illustration: Aïda Amer/Axios

President Trump's call to treat antifa supporters like terrorists could be a green light for high-tech surveillance of dissidents.

Why it matters: It's unlikely the Trump administration can designate antifa as a terrorist group in any legally meaningful way, but the declaration gives law enforcement tacit approval to use a plethora of tech tools to monitor protesters and left-leaning activists.

The biggest crisis since 1968

Illustration: Aïda Amer/Axios. Photo: Bettmann/Contributor

The year 1968 has been on a lot of people’s minds lately — another year of protests, violence and upheaval that seemed to be tearing the nation apart.

Yes, but: This crisis also has moments we’ve never seen before — and some historians and experts say the differences suggest that 2020 doesn't compare well at all.

SoftBank to launch $100M fund backing companies led by people of color

Illustration: Aïda Amer/Axios

SoftBank COO Marcelo Claure said in a letter to employees early Wednesday that the firm will create a $100 million fund that "will only invest in companies led by founders and entrepreneurs of color."

Why it matters: The Opportunity Growth Fund is one of the first to put significant capital behind companies' statements of empathy and outrage in response to protests over systemic racism in the U.S. typified by the killings of George Floyd, Breonna Taylor and other African Americans by police.