Cybersecurity focused Ballistic Ventures is seeking to raise $360 million for a new flagship fund and another $130 million for a separate investment vehicle.
Ted Schlein’s Ballistic Ventures seeks $490M for new funds amid AI-driven cybersecurity boom
TE TechCrunch 
Key takeaways
Ballistic Ventures, co-founded by Ted Schlein, seeks $490M for two new funds amid rising AI-driven cybersecurity demands.
- Ballistic Ventures aims to raise $360M for its third fund and $130M for Fund B, per SEC filings.
- The firm focuses on cybersecurity startups, having invested in companies like Talon Cyber Security and Pangea.
- The AI-driven cybersecurity boom is fueling increased investment and opportunities in the sector.
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