Team8 Raises $365M to Back AI-Native Enterprise Security
TL;DR
Israeli venture-builder Team8 has raised $365 million across a new $265 million third Team8 Capital fund plus a follow-on vehicle of $100 million-plus, pushing the platform's cumulative assets under management to roughly $2 billion across eight funds since 2014. The capital is earmarked for AI-native enterprise infrastructure, with a specific emphasis on the widening gap between AI-agent adoption and enterprises' confidence in securing those agents. Notably, Infosys joined as a new LP, marking the Indian IT services giant's first participation in a Team8 vehicle. The raise matters because it is a direct bet on a very specific, very current problem: companies are deploying autonomous AI agents faster than they can govern, secure, or trust them, and Team8's company-building model gives it an unusually hands-on way to attack that gap rather than just writing checks into it.
Key Takeaways
Team8 is underwriting a security gap, not just an AI-adoption wave. The firm's own framing cites survey data showing roughly 97% of organizations have adopted AI agents while average confidence in securing those agents sits around 2.3 out of 5. That's an unusually specific, almost contrarian thesis at a moment when most enterprise-AI capital is chasing adoption and orchestration tooling rather than the governance and identity-management layer underneath it. If the confidence gap is real and durable, Team8 is positioned early in a category that has to get funded eventually, cybersecurity for autonomous systems.
The Infosys LP relationship is a bigger signal than the fund size. Infosys is a $19 billion-revenue systems integrator with deep enterprise relationships across the Fortune 500, and its first-ever participation in a Team8 vehicle suggests strategic intent beyond a passive LP check, likely deal flow, distribution, or co-development access into Infosys's enterprise client base for Team8's portfolio companies. Watch for follow-on commercial partnerships between Team8 portfolio companies and Infosys's services arm over the next 12-18 months as the real tell on how strategic this relationship actually is.
The venture-builder model gives Team8 exit optionality most funds don't have. Team8 doesn't just write checks, it company-builds, and the model has already produced a real proof point in this exact category: portfolio company Koi Security was acquired by Palo Alto Networks for a reported $400 million in February 2026. That's the kind of strategic-acquirer validation that makes the AI-security thesis concrete rather than theoretical, and it gives LPs in the new fund a recent, sector-matched precedent for what a good outcome looks like.
Software-over-hardware positioning is a deliberate contrarian bet in the current AI capital cycle. A huge share of 2026's AI venture dollars are chasing chips, datacenters, and physical infrastructure. Team8 is explicitly staying in software, orchestration, identity, and data-security layers, betting that infrastructure-layer economics get commoditized faster than application- and security-layer economics do. That's a real strategic choice, not a lack of ambition, and it's worth watching whether it ages well as the AI infrastructure buildout matures.
Fund Overview
Fund Name: Team8 Capital (third fund, $265M) plus a follow-on vehicle ($100M+), totaling $365M in new commitments
Fund Size: $365 million in this raise; ~$2 billion in cumulative AUM across eight funds since Team8's 2014 founding
Stage: Company-creation and early-stage venture investing, consistent with Team8's founder-in-residence and venture-builder model
Check Size: Not publicly disclosed
Geography: Israel-headquartered, with a global enterprise customer base and a newly expanded investor base including India via Infosys
Focus: AI-native enterprise infrastructure, cybersecurity, AI orchestration, identity management, data security, fintech, and digital health
Key LPs: Infosys (new, first-time LP)
Why This Fund Matters
Team8 has quietly built one of the more differentiated models in venture over the past decade: rather than purely picking winners from a pool of founder-led pitches, it co-creates companies from inside its own platform, pairing domain experts, technical talent, and capital before a company even exists in its final form. That model has produced a string of notable Israeli cybersecurity and enterprise-infrastructure outcomes, and it is precisely the kind of structural advantage that matters most in a nascent, fast-moving category like AI-agent security, where the winning products don't fully exist yet and need to be built with unusual speed and domain expertise.
The timing here is sharp. Enterprise AI-agent adoption has outpaced governance tooling by a wide margin, and every CISO conversation in 2026 eventually arrives at some version of "we don't actually know what our agents are doing or who they're impersonating." That is a textbook venture-scale problem: massive, urgent, and currently underserved by point solutions. Team8's own cited confidence gap (97% adoption, 2.3/5 average security confidence) is the kind of statistic that, if accurate, describes a category budget line item enterprises will fund regardless of the broader macro environment, which is exactly the kind of demand durability LPs want in a fund closing during an uncertain capital-markets year.
The Koi Security exit to Palo Alto Networks is doing real work for this raise's credibility. A $400 million strategic acquisition in the AI-security-adjacent category, closed just months before this fund's final close, gives LPs a recent, sector-matched data point rather than a hypothetical thesis. Strategic acquirers like Palo Alto Networks, CrowdStrike, and Microsoft are all actively shopping for AI-security capability, and Team8's demonstrated ability to build and sell into that acquirer pool is a genuine differentiator versus generalist AI funds making the same pitch with no comparable track record.
The Infosys LP addition also deserves more attention than it will likely get in the trade press cycle. Systems integrators becoming venture LPs is not new, but it is a meaningful validation when the integrator in question has genuine enterprise security and AI-transformation mandates with its own client base. If Infosys becomes a genuine go-to-market channel for Team8 portfolio companies rather than a passive check, this fund's actual venture returns could look considerably better than the headline dollar figure suggests.
The Team
Team8 is led by co-founder and Managing Partner Liran Grinberg, alongside Managing Partner Sarit Firon. Ori Barzilay serves as Partner, and Hadar Siterman Norris, a recent addition to the partnership with an operator background across multiple venture-backed companies, rounds out the current partner bench overseeing the venture-capital arm, Team8 Capital, distinct from Team8's other sector-specific platforms in fintech and health.
Early Portfolio
Notable Team8 portfolio companies in the AI-native enterprise category include Classiq (quantum-computing software, which has raised over $200 million), FundGuard (financial-sector infrastructure, which raised a $100 million round), and Port (an agentic AI development platform that raised $100 million at an $800 million valuation). Koi Security, an AI-security portfolio company, was acquired by Palo Alto Networks for a reported $400 million in February 2026, providing the clearest recent proof point for the fund's thesis.
What This Means for Founders
Founders building in AI-agent governance, identity management for non-human identities, data security for AI pipelines, or adjacent orchestration tooling are Team8's clearest target profile right now, particularly Israeli founders or those willing to plug into Team8's company-building infrastructure rather than simply taking a check and going it alone. The firm's model rewards founders who want deep operational involvement from day one, not passive capital.
Founders outside the core cybersecurity/AI-infrastructure thesis, including fintech and digital-health builders, remain in scope but should expect Team8's diligence to weight heavily toward defensibility and enterprise sales motion, consistent with a firm whose most recent flagship exit came from selling into large strategic acquirers rather than chasing consumer-scale growth metrics.
Fund Momentum Take
We like this fund more for its specificity than its size. $365 million is a solid but not enormous raise in the current environment, but the thesis, that AI-agent adoption has badly outrun AI-agent security, is one of the more concrete and time-sensitive theses in venture right now, and Team8 has an actual exit (Koi Security, $400M to Palo Alto Networks) to back it up rather than a slide deck. That combination of urgency and proof point is rarer than it should be in a market where most AI-security pitches are still pre-revenue.
The risk we'd flag is competitive crowding: every generalist enterprise and cybersecurity fund is now chasing the same AI-agent-security thesis Team8 is betting on, and Team8's venture-builder model, while differentiated, is also slower and more resource-intensive to scale than a traditional check-writing fund. If the category moves faster than Team8 can build and fund companies into it, more capital-efficient competitors could capture the best opportunities first.
Our bet: the Infosys relationship is the most underrated detail in this raise. If it evolves into a genuine enterprise distribution channel for Team8's AI-security portfolio, this fund's realized returns could meaningfully outperform its headline size within the next two to three years.
Frequently Asked Questions
How much did Team8 raise, and what is it for?
Team8 raised $365 million total, split between a $265 million third Team8 Capital fund and a follow-on vehicle of $100 million-plus, focused on AI-native enterprise infrastructure and security.
What is Team8's total AUM now?
Approximately $2 billion across eight funds since the firm's founding in 2014.
Who are Team8's current managing partners?
Liran Grinberg (co-founder and Managing Partner) and Sarit Firon (Managing Partner) lead the firm, with Ori Barzilay as Partner and Hadar Siterman Norris as a recently added Partner.
What makes Team8 different from a typical venture fund?
Team8 uses a company-building model, pairing domain experts, technical talent, and capital to co-create companies from within its own platform, rather than purely investing in existing founder-led startups.
What proof points support Team8's AI-security thesis?
Portfolio company Koi Security was acquired by Palo Alto Networks for a reported $400 million in February 2026, providing a recent, sector-matched exit that validates demand from strategic acquirers for AI-agent security capability.
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