Aviso Ventures has held a first close at $12.2 million for its second fund, targeting $25 million, according to a regulatory filing. The fund has so far raised capital from 57 LPs, the filing says.
Focused on early-stage investments in cybersecurity, infrastructure, data and AI start-ups, Aviso launched Fund II in July 2024 with just over $1 million already committed from 12 investors. The firm previously closed on $6.5 million from 28 investors for its debut fund in June 2023, according to its regulatory filing.
Between both of its funds, the Las Vegas-based firm has invested in over 30 companies, including artificial intelligence-powered code analysis developer Bismuth, cybersecurity threat intelligence platform VulnCheck and decentralized infrastructure computing platform Dreadnode, according to its website.
Founded in 2022 by Nick Galbreath and Andrew Peterson, Aviso has already completed three exits: cybersecurity platform Phylum was acquired by cloud-based security platform Veracode via a leveraged buyout in January 2025; AI and machine learning-focused security developer Protect AI was acquired by cybersecurity vendor Palo Alto Networks (Nasdaq: PANW) for $675 million in July 2025; and document organization software Nira was acquired by Dropbox (NAS: DBX) for an undisclosed amount in October 2024.
Galbreath previously was the founder and technology officer and chief operating officer for Signal Sciences, a web application protection developer, which was acquired by content delivery network Fastly (NYS: FSLY) for $759.4 million in 2020. Peterson co-founded Signal with Galbreath and served as CEO and chairman of the board before its acquisition.
