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Microsoft, Akamai Join Forces for First Security Accelerator in Israel

Microsoft and Akamai have teamed up with Jerusalem Venture Partners (JVP) to create a security-focused accelerator program. It's based at the Microsoft Ventures Accelerator in Israel, and interested entrepreneurs and startups can apply now

Startups accepted into the program will be announced Sept. 7 and the class will run through January.

Participants will benefit from professional sessions and active mentoring from JVP, which will be an active participant in the startups selection process and will offer a $1 million investment in one of the security startups at program's end.

In addition to sharing its security expertise, Akamai will invest up to $25,000 with each security startup accepted into the program through the purchase of convertible notes. The company will offer mentoring and introduce participants to relevant partners and customers.

"Akamai's globally distributed computing platform was designed from day one to be as safe and secure as possible, and we have continued to make investments in this area," said Stuart Scholly, senior vice president and general manager of Akamai's Security Business Unit. "The computer security landscape continues to evolve with new threats emerging every day. We believe that supporting security innovation, not only at Akamai but also through promising entrepreneurs, is of true benefit to our customers and any company doing business on the Internet."

Zack Weisfeld, head of Microsoft Ventures Europe, said, "Tech startups have the potential to shape the future of cyber security. Akamai is the perfect partner to join Microsoft in delivering unparalleled access and value to startups joining the accelerator."