J. Alberto Yépez, co-founder of San Mateo-based VC firm Trident Capital Cybersecurity, was pleasantly surprised by the enthusiasm his firm’s first cybersecurity-focused fund received. The partners had intended to raise up to $150 million, but there was so much interest that they ended up closing an oversubscribed fund of $300 million in January.

“I think we’re beginning to see cautious optimism,” Yépez said, “because of where the public markets are and how the markets are responding.”