Backed by Walmart and Cisco, Israel’s Team8 raises $365m to help build AI startups

Backed by Walmart and Cisco, Israel’s Team8 raises 5m to help build AI startups

By timesofisrael
Publication Date: 2026-08-12 00:38:00

Israel’s Team8, a venture capital group that develops and spins out tech companies, has raised $365 million in fresh funds to invest in local startups and founders who build infrastructure and software to securely manage the adoption of artificial intelligence workloads.

The funding, which is backed by investors including Walmart, Cisco, Moody’s, AT&T, SoftBank and Temasek, brings Team8’s total assets under management to almost $2 billion, the venture group said on Wednesday. Among the new investors is Indian IT service provider giant Infosys.

Out of the fresh capital, $265 million was raised for Team8’s third venture capital fund, which will target seed investments and Series A rounds of about 16 Israeli-founded AI startups working across cybersecurity, software infrastructure, fintech and digital health.

The fund has already invested in Israeli cybersecurity startup Koi Security, which was acquired earlier this year by Palo Alto Networks for…