Team8 Raises $365 Million AI Fund

Team8, a global venture fund, announced on August 11, 2026 that it raised $365 million in new capital, comprising $265 million for its third fund and over $100 million for follow-on investments. The new fund will focus on Seed and Series A AI-native companies in cybersecurity, software infrastructure, fintech, and digital health. This brings Team8's total assets under management to nearly $2 billion across eight funds since 2014. The fund recorded its first exit before final close, following Palo Alto Networks' reported acquisition of Koi Security in February. Team8's investment thesis is driven by the rapid adoption of AI agents in enterprises, with a survey of 111 security leaders showing 97% have begun adopting AI agents and 80% run them in production, while confidence in securing AI averages only 2.32 out of 5. Team8 aims to back companies that address the security and infrastructure gaps in AI adoption.