	Illusive Networks was founded in 2014 by Team8 and Ofer Israeli. In June 2015, Illusive received $5 million in Series A funding from cybersecurity incubator, Team8. Team8 is funded by a group of investors, including Google Chairman Eric Schmidt's venture capital fund, Innovation Endeavors, Alcatel-Lucent, Cisco Systems, Marker LLC, Bessemer Venture Partners, and others. While in Israel at the 5th Annual International Cybersecurity Conference in 2015, Schmidt paid a visit to Illusive Networks' headquarters on June 9 during the company's official launch. The company was named one of Gartner's Cool Vendors in Security and Intelligence for 2015.