Global investors, VC funds have joined NYC cyber initiative

Investors include Eniac Ventures, Innovation Endeavors, Team8, Blumberg Capital, and Work-Bench, Israel’s SOSA says

Shoshanna Solomon is The Times of Israel's Startups and Business reporter

An illustration of SOSA's Global Cyber Center for New York City (SOSA)
An illustration of SOSA's Global Cyber Center for New York City (SOSA)

SOSA, an Israeli firm that is partnering with New York City in its bid to boost the cybersecurity sector in the Big Apple, has said that some 100 global investors and VC funds have joined the initiative for the creation of a Global Cyber Center in New York.

SOSA won a tender to establish the Global Cyber Center, a physical space that will serve as a primary hub for the city’s cyber community. The center is part of the New York City Economic Development Corporation’s cybersecurity initiative.

Investors that have joined SOSA’s network for the project include Eniac Ventures, Innovation Endeavors, WorldQuant Ventures, Team8, Blumberg Capital, and Work-Bench, SOSA said in a statement on Thursday.

“The Global Cyber Center is vital for the advancement of the cybersecurity industry as well as the budding tech community in NYC,” said Uzi Scheffer, SOSA’s CEO, in the statement. The Global Cyber Center was particularly focused on financial and insurance technology, two industries in desperate need of cybersecurity innovation, he said. “Through the development of our network, we look forward to supporting major disruption in these industries and more.”

As part of the initiative, SOSA will work to support, co-host and invite key audiences to targeted, cyber-related events such as roundtables, founders’ breakfasts, meetups, workshops and other professional events. Additionally, cybersecurity companies from the investors’ portfolios will get directly connected to NY-based financial services companies as well as corporations from other industries.

SOSA was founded in 2014 by a group of Israeli investors and entrepreneurs to create a hub for the technological innovation industry and promote joint business activity among its members — international corporations and investors and technology ventures.

SOSA’s network includes more than 8,500 startups, 150 investors, venture capital funds and international corporations.

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