Ballistic Ventures Seeks $490M Across New Funds Amid AI-Driven Cybersecurity Investment Boom
Ballistic Ventures, a cybersecurity-focused venture capital firm co-founded by Ted Schlein, has filed with the U.S. SEC to raise $490 million across two new vehicles: a $360 million third flagship fund and a $130 million fund called Ballistic Ventures Fund B. The fundraising follows a surge in cybersecurity investment driven by concerns over AI-enabled attacks and new opportunities for AI-focused security startups. Founded in 2021 by Schlein, Barmak Meftah, and Roger Thornton, the firm has previously backed companies like Talon Cyber Security (acquired by Palo Alto Networks) and Pangea (acquired by CrowdStrike). This is a business and funding story with no direct cybersecurity threat or incident involved.
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Ballistic Ventures Seeks $490M Across New Funds Amid AI-Driven Cybersecurity Investment Boom
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Ballistic Ventures, a cybersecurity-focused venture capital firm co-founded by Ted Schlein, has filed with the U.S. SEC to raise $490 million across two new vehicles: a $360 million third flagship fund and a $130 million fund called Ballistic Ventures Fund B. The fundraising follows a surge in cybersecurity investment driven by concerns over AI-enabled attacks and new opportunities for AI-focused security startups. Founded in 2021 by Schlein, Barmak Meftah, and Roger Thornton, the firm has previously backed companies like Talon Cyber Security (acquired by Palo Alto Networks) and Pangea (acquired by CrowdStrike). This is a business and funding story with no direct cybersecurity threat or incident involved.