Ballistic Ventures Seeks $490 Million Across Two New Funds
Ted Schlein’s Ballistic Ventures seeks $490M for new funds amid AI-driven cybersecurity boom
- Who
- Ballistic Ventures
- What
- sought to raise $360 million for its third flagship fund and $130 million for Ballistic Ventures Fund B
What happened
Ballistic Ventures is seeking to raise $490 million across two funds, according to regulatory filings reported by TechCrunch. The San Francisco-based firm filed this week to raise $360 million for its third flagship fund and $130 million for a separate vehicle, Ballistic Ventures Fund B; neither had recorded any sales at the time of filing. The fundraising comes amid growing concerns about AI-driven cyberattacks and new opportunities for cybersecurity startups.
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See the full storyBallistic Ventures Seeks $490 Million Across Two New FundsThe story so far
Ballistic Ventures is seeking to raise $490 million across two funds: $360 million for its third flagship fund and $130 million for a separate vehicle, Ballistic Ventures Fund B. Regulatory filings reported by TechCrunch showed that neither fund had recorded any sales at the time of filing.
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