Team8 | Jotup

40Seas, a New Fintech Platform Designed to Modernize Cross-Border Trade Financing, Secures Funding of $111 Million from ZIM and Team8

Retrieved on:

Tuesday, January 10, 2023

TEL AVIV, Israel and HAIFA, Israel, Jan. 10, 2023 /PRNewswire/ -- 40Seas, an innovative fintech platform for cross-border trade financing, has raised $111 million to deliver a much more efficient and cost-effective financing framework for SMEs involved in global commerce. The company's $11 million seed funding round, led by Team8 with participation from ZIM Integrated Shipping Services Ltd. (NYSE: ZIM), is complemented by a $100 million credit facility for exporters and importers.

Key Points:

The company's $11 million seed funding round, led by Team8 with participation from ZIM Integrated Shipping Services Ltd. (NYSE: ZIM), is complemented by a $100 million credit facility for exporters and importers.
According to the Organization for Economic Cooperation and Development (OECD), SMEs account for 43% of cross-border trade volume.
However, they are seven times more likely to be denied access to trade financing than multinational companies – according to the World Trade Organization.
The recent market downturn, and the rising cost of capital, has put an additional financial strain on SMEs engaged in global commerce.

Akeyless raises $65M to provide Secrets Management as-a-Service for DevOps and multi-cloud environments

Retrieved on:

Wednesday, November 16, 2022

NEW YORK and TEL AVIV, Israel, Nov. 16, 2022 /PRNewswire/ -- Akeyless, the leading SaaS-based Secrets Management Platform for securing DevOps and IT workloads within hybrid and multi-cloud environments, today announced $65 million in series B funding, bringing the total funding to date to $80 million. The round was led by NGP Capital, with participation from existing investors Team8 Capital and Jerusalem Venture Partners (JVP). In addition, the company announced that Mike Christenson, the former COO & President of New Relic and CA Technologies, has joined as an investor and board member.

Key Points:

"Existing secrets management solutions don't meet the current needs of enterprises," said Oded Hareven, CEO and co-founder of Akeyless.
Akeyless is the only platform to offer a true zero-knowledge Secrets Management as-a-Service solution.
Akeyless centralizes the management and security of secrets across multi-cloud and DevOps environments.
Akeyless stores customer secrets and makes them easily accessible in all their environments, while its patented Distributed Fragments Cryptography (DFC) technology makes the secrets inaccessible to anyone besides the customer Akeyless included.

Former Medicare Director, UnitedHealth Executive Joins Former NSA Director at Team8 to Build Companies Across Digital Health, Cybersecurity, and Fintech

Retrieved on:

Wednesday, October 19, 2022

He joins former National Security Agency (NSA) Director and Team8 Operating Partner Adm. Michael Rogers, who joined Team8 in 2018.

Key Points:

He joins former National Security Agency (NSA) Director and Team8 Operating Partner Adm. Michael Rogers, who joined Team8 in 2018.
Team8 has an unorthodox, yet effective approach to venture building, which has been extremely successful in cybersecurity and, more recently, fintech.
Prior to joining Team8 Health, he was chief executive of the Medicare program at the Centers for Medicare & Medicaid Services (CMS) and a senior executive in United Healthcares Medicare business.
Team8 is a venture group that builds and backs the most innovative technology companies in the fields of cybersecurity, data, fintech, and digital health.

Finout Lands $18.5M for Cloud Cost Observability Platform, Enabling Companies to Design for Profitability

Retrieved on:

Thursday, June 16, 2022

Finouts cloud cost management platform combines all invoices into one Mega-bill, enabling an unparalleled view of cloud spend in minutes.

Key Points:

Finouts cloud cost management platform combines all invoices into one Mega-bill, enabling an unparalleled view of cloud spend in minutes.
We are seeing companies of all sizes using Finout to improve accountability, said Roi Ravhon, co-founder & CEO of Finout.
Finout is a modern, self-service cloud cost management and observability tool that provides FinOps unmatched business context into cloud environments.
By correlating business metrics with cloud costs, Finout clients are empowered to make healthier business decisions that improve efficiency, pricing and go-to-market strategy.

Dig exits stealth with $11M for first cloud Data Detection and Response solution

Retrieved on:

Thursday, May 19, 2022

TEL AVIV, Israel, May 19, 2022 /PRNewswire/ -- Cloud data security company Dig emerged from stealth today, announcing $11M in seed funding for the first cloud Data Detection and Response (DDR) solution. The seed round was led by Team8, with cybersecurity firms CrowdStrike, through their Falcon Fund, and CyberArk joining as strategic investors alongside Merlin Ventures. Moving beyond posture solutions, Dig Security helps organizations discover, monitor, detect, protect and govern their cloud data in real time through a single unified policy engine.

Key Points:

Moving beyond posture solutions, Dig Security helps organizations discover, monitor, detect, protect and govern their cloud data in real time through a single unified policy engine.
Dig gives organizations complete control over their cloud data, providing real-time Data Detection and Response (DDR).
Using one of the industry's most comprehensive threat models for cloud data attacks, Dig detects, analyzes and responds instantly to threats to cloud data, triggering alerts on suspicious or anomalous activity, stopping attacks, exfiltrations and employee data misuse.
"Dig's active approach, bringing detection and response to data in the cloud, is precisely what the market needs.

Cannabis Industry Leader Katherine Lagow Named President of TrueGreen

Retrieved on:

Monday, April 11, 2022

Team8, Louisiana Bar Exam, Marketing, MSO, Growth, LSU, Government, JD, CEO, Technology, Industry, Louisiana State University, MBA, Łagów, 2019 in United States politics and government, Solution, Management, Drug, Politics

WILMINGTON, Del., April 11, 2022 /PRNewswire/ -- TrueGreen, a leading provider of smart packaging technology solutions for the cannabis industry, announced today the appointment of Katherine Lagow as President.

Key Points:

Trailblazing executive brings deep sector experience to fast-growing, innovative cannabis tech firm
WILMINGTON, Del., April 11, 2022 /PRNewswire/ --TrueGreen, a leading provider of smart packaging technology solutions for the cannabis industry, announced today the appointment of Katherine Lagow as President.
An industry leader, Lagow has deep experience across every facet of the cannabis business fromfundraising, to operations, to government affairs.
TrueGreen is the world's first smart packaging technology addressing the diverse needs of cannabis industry regulators, growers and consumers.
For more go to: www.TrueGreenglobal.com
For more on Katherine Legow go to: (99+) Katherine Lagow | LinkedIn

Deloitte and Team8 Publish Joint Report Presenting TaxTech as the Newest Fintech Vertical

Retrieved on:

Thursday, March 31, 2022

TEL AVIV, Israel, March 31, 2022 /PRNewswire-PRWeb/ -- In a first-of-its-kind report published yesterday, Deloitte and Team8 identify tax technology (TaxTech), as a significant vertical that is currently growing and developing in the fintech industry. The Emergence of TaxTech - A New Era of Fintech report maps out more than 100 startup companies in the global TaxTech space, segmented by tax solution and target audience, and provides an overview of relevant companies and their developments in various domains.

Key Points:

TEL AVIV, Israel, March 31, 2022 /PRNewswire-PRWeb/ -- In a first-of-its-kind report published yesterday, Deloitte and Team8 identify tax technology (TaxTech), as a significant vertical that is currently growing and developing in the fintech industry.
The report details examples of available tax technologies and reviews possible applications that may deliver tangible efficiency gains for individuals, businesses and regulators.
In the past year, investments in TaxTech solutions worldwide increased from $240 million in 2020 to $864 million in 2021.
Team8 is a venture group that builds and backs cutting-edge technology companies in the fields of cybersecurity, data and fintech.

VC Group Identifies Seven Cybersecurity Themes for 2022

Retrieved on:

Tuesday, February 8, 2022

NEW YORK and TEL AVIV, Feb. 8, 2022 /PRNewswire-PRWeb/ --Global venture group Team8 today announced the release of its 2022 Cybersecurity Themes Report, which details the seven themes shaping the future of cybersecurity.

Key Points:

NEW YORK and TEL AVIV, Feb. 8, 2022 /PRNewswire-PRWeb/ --Global venture group Team8 today announced the release of its 2022 Cybersecurity Themes Report, which details the seven themes shaping the future of cybersecurity.
The Biden administration highlighted cybersecurity as one of its highest priorities in Executive Order 14028 on Improving the Nation's Cybersecurity.
Download the entire report for more details on the seven themes driving the future of cybersecurity in 2022.
Team8 is a venture group that builds and backs technology companies at the intersection of artificial intelligence, cybersecurity, data, fintech, enterprise software, and infrastructure.

April Launches Tax Platform to Help Americans File Fast, Partners with Leading Fintech Companies

Retrieved on:

Tuesday, January 18, 2022

April's personalized engine provides taxpayers with a fast, frictionless, and affordable tax experience aimed at easing the cumbersome tax process.

Key Points:

April's personalized engine provides taxpayers with a fast, frictionless, and affordable tax experience aimed at easing the cumbersome tax process.
"The tax prep and filing process isn't working for most Americans," said Ben Borodach, Co-Founder of April.
The reality for most Americans is that they will need to spend significant time and money just to understand their tax obligation.
April's tax engine can be embedded into any 3rd party platform to help fintech companies and financial institutions broaden their offerings to include tax-as-a-service, and better serve clients across their ecosystem.

Spott Redefines Financial Services With Timely Launch of Frictionless Liability Insurance for E-commerce Businesses

Retrieved on:

Thursday, January 13, 2022

As part of a broader suite of financial services, Spott's insurance offering enables e-commerce businesses to protect their stores against claims and comply with up-to-date insurance requirements from leading marketplaces, most notably Amazon.

Key Points:

As part of a broader suite of financial services, Spott's insurance offering enables e-commerce businesses to protect their stores against claims and comply with up-to-date insurance requirements from leading marketplaces, most notably Amazon.
The e-commerce liability insurance market, which Spott aims to address, is valued at $5 billion and is forecast to grow rapidly, spurred by the latest requirements from leading e-commerce marketplaces for sellers to hold liability insurance.
"Spott bridges the gap between these industries by providing sellers with seamless access to innovative and lucrative financial products tailored to their unique needs.
Spott is a platform for e-commerce financial services that provides online sellers with a full spectrum of insurance and financing products.