Security Experts:

Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Cyberwarfare

Israeli Spy Agency Creates Fund to Invest in Tech Firms

Israel’s Mossad spy agency is starting a fund to invest in technology firms creating products that could assist its work, including those involving robotics and encryption, the prime minister’s office said Tuesday.

Israel’s Mossad spy agency is starting a fund to invest in technology firms creating products that could assist its work, including those involving robotics and encryption, the prime minister’s office said Tuesday.

The fund, to be called Libertad, will invest in research and development programs at “cutting-edge technology startup companies,” a statement said.

It said it was calling on firms to submit proposals, particularly in areas including robotics, encryption and personality profiling.

The statement said Mossad would not publicise the names of the firms in which it invests.

It said Libertad would be open to anyone and provided an email address to submit proposals ([email protected]), adding that it would offer up to two million shekels ($570,000, 500,000 euros) for projects.

More could be granted for exceptional cases, it said.

It will not act as a typical investor. 

Libertad will not hold equity in the firms in which it invests and will instead receive a license to use the technology developed, it said.

The CIA in the United States has created a similar investment fund, known as In-Q-Tel

Israel is seen as a global leader in the technology industry, particularly regarding cyber-defense.

Libertad was the name of a ship that carried Jewish emigrants to what was then British-mandate Palestine in 1940 before the creation of the state of Israel.

Written By

AFP 2023

Click to comment

Expert Insights

Related Content

Cyberwarfare

Websites of German airports, administration bodies and banks were hit by DDoS attacks attributed to Russian hacker group Killnet

Cyberwarfare

Iranian APT Moses Staff is leaking data stolen from Saudi Arabia government ministries under the recently created Abraham's Ax persona

Cybercrime

Artificial intelligence is competing in another endeavor once limited to humans — creating propaganda and disinformation.

Cyberwarfare

The UK’s NCSC has issued a security advisory to warn about spearphishing campaigns conducted by two unrelated Russian and Iranian hacker groups.

Cyberwarfare

WASHINGTON - Cyberattacks are the most serious threat facing the United States, even more so than terrorism, according to American defense experts. Almost half...

Cybercrime

Albanian prosecutors on Wednesday asked for the house arrest of five public employees they blame for not protecting the country from a cyberattack by...

Cyberwarfare

Russia-linked cyberespionage group APT29 has been observed using embassy-themed lures and the GraphicalNeutrino malware in recent attacks.

Cyberwarfare

Cybersecurity firm Group-IB is raising the alarm on a newly identified advanced persistent threat (APT) actor targeting government and military organizations in Asia and...