<article>Singapore-headquartered global investment firm Temasek has acquired Israeli cyber technology startup Sygnia, which was launched in 2015 by Team8, a cybersecurity think-tank and company creation platform.</article>

Singapore-headquartered global investment firm Temasek has acquired Israeli cyber technology startup Sygnia, which was launched in 2015 by Team8, a cybersecurity think-tank and company creation platform.
No financial terms were disclosed. However, a report by Tech Crunch pegs the deal size to be in region of $250 million.
According to an official statement, Sygnia will maintain operational independence while pursuing its collaborations with Temasek and its portfolio companies. The deal is subject to approval.
&#8220;Aligning with Temasek will strengthen our capability to provide end to end strategic support to organisations in meeting the spectre of cyber threats, and allow us to accelerate building our global reach,&#8221; said Shachar Levy, Sygnia&#8217;s founder and CEO.
Launched in 2015, Sygnia provides technology and services to help companies to build cyber resilience and deal with cyber attacks.
According to TechCrunch, Sygnia had not received any other external funding prior to Team8, which invested $4.3 million. The reason is because Sygnia had already been generating revenue before it came out of stealth.
Sygnia does not report the identity of its customers, but works with organisations across a variety of industries including financial, legal, retail and consumer goods products, information technology, media and entertainment, pharmaceutical, telecommunication, logistics and manufacturing.
Sygnia&#8217;s team comes from a mix of military and industry backgrounds, including Israel&#8217;s Unit 8200, also known as &#8220;Israel NSA&#8221;, drawing experience from elite intelligence and technology units globally.
Cyber security and technology are one of the key investment areas for Singapore&#8217;s state investors, Temasek and GIC. Temasek currently owns a $235 billion portfolio with significant exposure to Asia. Sygnia&#8217;s link with Temasek will help it step into new markets in the region.

Singapore-headquartered global investment firm Temasek has acquired Israeli cyber technology startup Sygnia, which was launched in 2015 by Team8.

Singapore's Temasek to buy Israeli cybersecurity firm Sygnia

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Singapore's Temasek to buy Israeli cybersecurity firm Sygnia

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