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

What happened: Ballistic Ventures, the cybersecurity venture capital firm co-founded by Ted Schlein, filed with the SEC to raise $490 million across two new funds. Key numbers: $360 million for its third flagship fund, matching its 2024 fund, and $130 million for Ballistic Ventures Fund B. No sales recorded at filing. U.S. Why it matters: The filing comes as growing AI use raises concerns about more sophisticated cyberattacks, while AI agents create new opportunities for cybersecurity startups and the VC firms backing them.

Ballistic Ventures, the cybersecurity venture capital firm co-founded by Ted Schlein, filed with the SEC to raise $490 million across two new funds.

The filing comes as growing AI use raises concerns about more sophisticated cyberattacks, while AI agents create new opportunities for cybersecurity startups and the VC firms backing them.