Ballistic Ventures seeks $490M for new funds amid AI-driven cybersecurity boom
Original title: Ted Schlein’s Ballistic Ventures seeks $490M for new funds amid AI-driven cybersecurity boom
Ballistic Ventures is seeking $360 million for its third flagship fund and $130 million for a separate vehicle as AI enables more sophisticated cyberattacks.
Ballistic Ventures, the cybersecurity-focused venture capital firm co-founded by former Kleiner Perkins partner Ted Schlein, is seeking to raise $490 million across two new funds. The firm filed with the U.S. Securities and Exchange Commission this week to raise $360 million for its third flagship fund, matching the size of its previous fund raised in 2024, and another $130 million for a separate vehicle called Ballistic Ventures Fund B. Neither fund had recorded any sales at the time of filing. The fundraising plans come as the growing use of artificial intelligence has raised concerns about more sophisticated cyberattacks. The rise of AI agents has also created new opportunities for cybersecurity startups and the venture capital firms backing them.
- Fundraising: $360 million for third flagship fund and $130 million for Ballistic Ventures Fund B
- AI accounts for 72% of U.S. cybersecurity venture deals through May 2026
- Microsoft warns hackers are increasingly using AI for phishing and malware development
- Vendors
- Ballistic Ventures
- Organizations
- Kleiner Perkins
From the original article
2 min read at techcrunch.com
Cybersecurity focused Ballistic Ventures is seeking to raise $360 million for a new flagship fund and another $130 million for a separate investment vehicle.
By Jagmeet Singh · techcrunch.com
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