Virtual Event Today: Supply Chain Security Summit - Join Event In-Progress

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

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest threats, trends, and technology, along with insightful columns from industry experts.

Join this webinar to learn best practices that organizations can use to improve both their resilience to new threats and their response times to incidents.

Register

Join this live webinar as we explore the potential security threats that can arise when third parties are granted access to a sensitive data or systems.

Register

Expert Insights

Related Content

Cyberwarfare

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

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

Cyberwarfare

The war in Ukraine is the first major conflagration between two technologically advanced powers in the age of cyber. It prompts us to question...

Cyberwarfare

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

Application Security

Fortinet on Monday issued an emergency patch to cover a severe vulnerability in its FortiOS SSL-VPN product, warning that hackers have already exploited the...

Cyberwarfare

A newly identified threat actor tracked as NewsPenguin has been targeting military organizations in Pakistan with sophisticated malware.

Application Security

Virtualization technology giant VMware on Tuesday shipped urgent updates to fix a trio of security problems in multiple software products, including a virtual machine...