Enterprise adoption of AI agents is moving quickly, but the infrastructure needed to manage their security, identity, data access and deployment is still developing. Team8 is betting that gap will create a new generation of enterprise technology companies, raising $365 million in fresh capital to invest across cybersecurity, software infrastructure, fintech and digital health.
The global venture firm secured $265 million for Team8 Capital’s third fund and more than $100 million for follow-on investments in portfolio companies where it has the highest conviction. The new capital brings Team8’s assets under management to nearly $2 billion across eight funds launched since 2014.
Team8 Capital Fund III will primarily invest at the Seed and Series A stages, targeting founders building AI-native businesses around enterprise technology problems. The fund is led by Managing Partners Sarit Firon and LiranGrinberg alongside Partners OriBarzilay and Hadar Siterman Norris.
The firm is placing particular emphasis on the infrastructure enterprises will need as AI becomes embedded in business operations. Target areas include AI infrastructure and orchestration as well as identity, data and cybersecurity technologies designed to help companies deploy AI systems with greater control and visibility.
Team8 pointed to enterprise adoption patterns as one reason for that focus. A survey of 111 security leaders attending its latest CISO Village Summit found that 97% of respondents said their organizations had begun adopting AI agents, while 80% were already running agents in production. Despite that adoption, respondents rated their confidence in securing AI at an average of just 2.32 out of five.
The figures suggest a disconnect between the speed at which companies are putting agentic AI into operational environments and their ability to manage the associated risks. As agents gain access to enterprise applications, data and workflows, CIOs and CISOs are increasingly confronting questions around identity, permissions, monitoring and governance alongside more traditional cybersecurity concerns.
“AI is fundamentally rewriting the economics of company building,” Firon said. “Developing breakthrough technology has never been easier; building a company that endures has never been harder.”
Firon said Team8 expects durable competitive advantages to come less from the underlying AI models and more from solving enterprise problems that persist as those models evolve. That thesis is shaping the firm’s investment strategy around foundational software and security layers rather than applications dependent on a particular model or generation of AI technology.
The new fund reached its final close after already recording an exit. Team8 cited Palo Alto Networks’ reported acquisition of Koi Security in February as the fund’s first exit.
Beyond providing capital, Team8 operates a company-building model intended to give early-stage founders access to enterprise customers and industry expertise while they are developing products. Portfolio companies can use the firm’s network for market validation and receive support in areas including company formation, go-to-market strategy, recruiting and growth.
Team8 has more than 90 in-house company builders and maintains what it calls its Village, a network of hundreds of executives from Fortune 500 and other global companies. The model is designed to give founders early exposure to the operational problems enterprises are attempting to solve before products reach broader commercial adoption.
“We built this firm on the belief that broad and deep context, not capital, is the scarcest resource at the earliest stage of a company’s life,” Grinberg said. He added that Team8 sees significant opportunities in the software infrastructure and cybersecurity technologies required for enterprises to adopt AI while managing operational risk.
That approach puts Fund III at the intersection of two trends reshaping venture investment: rapid development of AI-native startups and growing enterprise demand for systems that make AI deployments manageable in production. As companies move beyond experimentation with generative AI, infrastructure for controlling agents, protecting data and identities, and integrating AI into existing technology environments is becoming a larger part of enterprise technology spending decisions.
Founded in 2014, Team8 invests in early-stage businesses and also works with entrepreneurs to form companies from the ground up. Its investment and company-building activities span cybersecurity, enterprise and AI infrastructure, fintech and digital health. The firm now manages nearly $2 billion across eight funds.
