Ballistic Ventures seeks to raise a $490 million new fund
Understand this story
Ballistic Ventures filed with the U.S. Securities and Exchange Commission this week to raise a total of $490 million through two new funds: a third flagship fund of $360 million, the same size as the previous fund raised in 2024; and a separate fund called Ballistic Ventures Fund B of $130 million. At the time of filing, neither fund had recorded any sales. The San Francisco-based VC was co-founded by former Kleiner Perkins partner Ted Schlein and focuses on cybersecurity. The fundraising comes amid an AI-driven boom in cybersecurity investment.
AI overview based on source reports · Updated 2 days ago
Coverage timeline
Follow the coverage to explore different perspectives.
- TechCrunch · AITed Schlein’s Ballistic Ventures seeks $490M for new funds amid AI-driven cybersecurity boom
Ballistic Ventures, the cybersecurity-focused VC firm co-founded by Ted Schlein, filed with the SEC this week to raise $360 million for its third flagship fund and $130 million for a separate vehicle called Ballistic Ventures Fund B, with no sales recorded at filing. The firm, founded in late 2021, has backed companies including Talon Cyber Security and Pangea, and previously raised a $300 million debut fund and a $360 million second fund. The fundraising comes as AI raises concerns about more sophisticated cyberattacks; JPMorgan Chase reported U.S. cybersecurity startups raised $11.5 billion in 2025, the highest since 2022, with AI-enabled companies accounting for about 72% of U.S. cybersecurity venture deals through May this year.
Activity for this story
- Current comparable activity
- 3
- Peak comparable activity
- 10Nov 4 06:00
- Change in the past 24 hours
- -49%
Trends compare the same fully observed participants, which may cover fewer participants than current activity. Move the pointer or tap the chart to inspect hourly activity; use the left and right arrow keys with a keyboard.