Ted Schlein's Ballistic Ventures seeks $490M for new funds amid AI-driven cybersecurity boom
Cybersecurity focused Ballistic Ventures is seeking to raise $360 million for a new flagship fund and another $130 million for a separate investment vehicle.
TL;DR
- Ballistic Ventures is seeking to raise $490 million across two new funds: $360 million for its third flagship fund and $130 million for a separate vehicle, Ballistic Ventures Fund B.
- The fundraising occurs amidst growing concerns about AI-driven cyberattacks and the emergence of new opportunities for cybersecurity startups.
- The firm was founded in late 2021 by Ted Schlein, Barmak Meftah, and Roger Thornton.
- Ballistic Ventures has previously backed companies like Talon Cyber Security and Pangea.
- U.S. cybersecurity startups raised $11.5 billion in 2025, with AI-enabled companies accounting for a significant portion of venture deals.
- Microsoft's Digital Defense Report warns that hackers are increasingly using AI to enhance their operations.
- Ballistic Ventures declined to comment on its fundraising plans.