TechCrunchby Jagmeet Singh
Original published:

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

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

Cybersecurity-focused Ballistic Ventures is seeking to raise a total of $490 million, including $360 million for a new flagship fund and $130 million for a separate investment vehicle, amid an AI-driven boom.

Key points

  • •Ballistic Ventures is seeking to raise $360 million for a new flagship fund.
  • •The firm is also raising $130 million for a separate investment vehicle.
  • •The fundraising effort is driven by the AI-led cybersecurity boom.
#AI Companies & Funding#Security & Misuse#Ballistic Ventures
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