team8

Venture capital fund Team8 announced the completion of a new fundraise of $365 million. This round of fundraising includes $265 million for Team8 Capital's third fund, as well as over $100 million for follow-on investments in existing portfolio companies.The new fund will focus on investing in seed and Series A stage AI-native companies, covering areas such as cybersecurity, AI infrastructure, and fintech, with a particular emphasis on infrastructure projects that help businesses deploy AI while ensuring security, governance, and control capabilities. Team8 currently manages assets close to $2 billion.Previously, Team8 has co-invested in several cryptocurrency and AI companies, including cryptocurrency institutional wallet developer Curv, AI compliance platform IVIX, and AI data leak prevention company Jazz.

Israeli data security startup Jazz announced the completion of a total of $61 million in funding to build an AI platform for enterprise data leak protection.This Seed and Series A round was led by Glilot Capital Partners and Team8, with participation from Ten Eleven Ventures, Merlin Ventures, Encoded Ventures, and MassMutual Ventures.Jazz stated that its AI agent can learn the business processes and data context of enterprises, automatically identifying potential data leak risk scenarios, including improper use of AI chatbots by employees. Currently, Jazz has been in operation for about 7 months and has 15 paying enterprise customers, with specific valuation undisclosed.

ChainCatcher news, the medical data exchange platform Briya, which utilizes blockchain technology, announced the completion of a $11.5 million Series A funding round, led by Team8, with participation from Insight Partners, Amiti Ventures, Innocare Health Investments, and the George Kaiser Family Foundation. Briya's total funding amount has reached $17 million.It is reported that Briya's scalable blockchain-driven system can standardize all forms of electronic health records, enabling life sciences organizations to streamline access to and exchange of real-time anonymous medical data. Briya is one of the 10 startups selected for the 2022 Intel Ignite Accelerator program and participated in the Health Engine Accelerator at the University of California, Berkeley.