Moody’s Corporation announced today that it has invested in Team8 Partners II, L.P., the second vehicle raised by Team8, a leading think tank and company creation platform specializing in cybersecurity and data resilience.
As a participant, Moody’s will gain access to innovative and emerging cybersecurity companies and thought leadership opportunities through Team8’s network. The investment builds on Moody’s recent investments and initiatives in cybersecurity and emerging technologies.
Team8’s innovation process combines a research team with intimate knowledge of cybersecurity, access to cyber talent, and a global network that gives Team8 companies access to customers, partners and key influencers. Team8 is backed by Cisco, Microsoft, AT&T, Walmart, Airbus, Softbank, Qualcomm, Munich-Re, Dimension Data, and ScotiaBank.
“We are pleased to partner with Team8 to accelerate the development of innovative approaches to cybersecurity. Moody’s has a unique perspective on the importance of cybersecurity to the capital markets and its increasing impact on the health and resilience of enterprises globally. We look forward to engaging with Team8’s ecosystem of business, technology and security leaders as part of Moody’s efforts to quantify and assess cyber risk,” Derek Vadala, Global Head of Cyber Risk at Moody’s Investors Service said.