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.