Ballistic Ventures files to raise $490M for two new cybersecurity funds
Overview
Ballistic Ventures, the San Francisco cybersecurity venture firm co-founded by Ted Schlein, filed with the U.S. Securities and Exchange Commission to raise $360 million for its third flagship fund and $130 million for a separate vehicle, Ballistic Ventures Fund B. The $360 million matches the size of the firm's previous flagship fund, raised in 2024. Neither fund had recorded any sales at the time of filing, according to TechCrunch, which reported the filings.
TechCrunch cites a JPMorgan Chase report, based on PitchBook data, that U.S. cybersecurity startups raised $11.5 billion in 2025. The same report says AI-enabled companies accounted for about 72% of those deals through May of this year.
Written by AI from the articles below · updated Nov 3, 4:54 PM ET
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- TechCrunch · AINewsBallistic 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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