# Ballistic Ventures seeks $490M for two new cybersecurity funds

> Original title: Ted Schlein’s Ballistic Ventures seeks $490M for new funds amid AI-driven cybersecurity boom

- Source: TechCrunch · AI
- Published: 2026-11-03T21:43:08.000Z
- Bad Influence: https://badinfluence.news/items/hotuj6gguexl3hc3kz6kb6xvm
- Original: https://techcrunch.com/2026/11/03/ted-schleins-ballistic-ventures-seeks-490m-for-new-funds-amid-ai-driven-cybersecurity-boom/

## Summary

Ballistic 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.