Ted Schlein’s Ballistic Ventures seeks $490M across two new funds
Luis Cabral ·
Ballistic Ventures, the cybersecurity-focused VC firm led by Ted Schlein, is seeking to raise $490 million across two new funds, TechCrunch reports. The push comes as investors pour capital into startups tackling AI-driven threats and securing enterprise AI deployments. A larger war chest would position Ballistic to back more early-stage cyber companies racing to meet surging demand from boards and regulators.
According to TechCrunch, the firm is targeting $360 million for a new flagship fund and $130 million for a separate investment vehicle. The prospective funds would expand Ballistic’s capacity to lead seed and Series A rounds as AI reshapes the threat landscape and compliance requirements. Watch for SEC filings, first closes, and early portfolio bets that reveal the firm’s priorities in AI security. [Developing. This article will be updated.]