Ballistic Ventures seeks $490M for two new cybersecurity funds
AIBallistic Ventures, the cybersecurity venture firm co-founded by Ted Schlein, filed with the SEC to raise $360 million for its third flagship fund and $130 million for a separate vehicle called Ballistic Ventures Fund B. Neither fund had recorded any sales at the time of filing. U.S. cybersecurity startups raised $11.5 billion in 2025, according to a JPMorgan Chase report citing PitchBook data, with AI-enabled companies accounting for about 72% of deals through May this year.
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TechCrunch · AI · Jagmeet Singh · techcrunch.comPublished · added here
Original title: Ted Schlein’s Ballistic Ventures seeks $490M for new funds amid AI-driven cybersecurity boom