● Covered by 1 source · 1 reportLow impact1 neutral
Ballistic Ventures Seeks $490M for New Cybersecurity Funds Amid AI Growth
Key points
- Ballistic Ventures filed to raise $360M for its third flagship fund.
- An additional $130M is sought for Ballistic Ventures Fund B.
- The firm previously raised $300M (2022) and $360M (2024) for prior funds.
- AI growth is creating new cybersecurity startup investment opportunities.
New Fundraising Initiatives
Ballistic Ventures, a venture capital firm specializing in cybersecurity, has filed with the U.S. Securities and Exchange Commission to raise a total of $490 million. This includes $360 million for its third flagship fund, matching the size of its second fund raised in 2024, and an additional $130 million for a separate vehicle named Ballistic Ventures Fund B. No sales had been recorded for either fund at the time of the filing.
Context of AI in Cybersecurity
The firm's fundraising efforts coincide with a period where artificial intelligence is significantly impacting the cybersecurity landscape. The growing adoption of AI has led to concerns about more advanced cyberattacks, while simultaneously creating new avenues for cybersecurity startups and the venture capital firms that invest in them. A JPMorgan Chase report indicated that AI-enabled companies constituted about 72% of U.S. cybersecurity venture deals through May of this year, up from 36% in 2019.
Firm Background and Investments
Founded in late 2021, Ballistic Ventures was co-founded by Ted Schlein, Barmak Meftah, and Roger Thornton. The firm has invested in companies such as Talon Cyber Security (acquired by Palo Alto Networks) and Pangea (bought by CrowdStrike), as well as startups like Armadin, GetReal, Nudge Security, and Oligo Security. Ballistic Ventures previously raised a $300 million debut fund in 2022 and a $360 million second flagship fund two years later, alongside a $130 million Ballistic Ventures Fund A.
✨ This summary was generated by AI from the outlets' reporting listed below. It is not independently verified and may contain errors — check the original sources. How BrevFeed works →
The daily brief
One email each morning: the day's tech stories, clustered across outlets and summarized. No account needed.
One email a day. Unsubscribe in one click, any time.
Today's brief
Spend a few minutes, get the whole day. Every topic's top stories in one hands-free rundown — listen, watch, or read the transcript.
▶ Play today's brief
New every morning, and the back catalogue is archived by date.
Reporting from
Ballistic Ventures, a cybersecurity-focused VC firm, is seeking to raise $490 million across two new funds: $360 million for its third flagship fund and $130 million for Ballistic Ventures Fund B. This fundraising effort occurs as the increased use of AI is driving both concerns about sophisticated cyberattacks and new opportunities for cybersecurity startups.