Ted Schlein’s Ballistic Ventures seeks $490M for new funds amid AI-driven cybersecurity boom
Ballistic Ventures, led by Ted Schlein, is seeking $360 million for a flagship fund and $130 million for a separate investment vehicle. The raise reflects broader investor appetite for cybersecurity startups benefiting from the expansion of AI infrastructure and related security challenges. The firm's focus on AI-driven security aligns with industry trends as organizations increasingly deploy AI systems and require stronger defenses.
Key points
- Ballistic Ventures raising $490M total across two funds
- Targets AI-driven cybersecurity market opportunity
- Reflects growing security needs amid AI infrastructure boom
Summary and key points written by AI from the headline and a short excerpt, so they can be incomplete or wrong. TechCrunch did the reporting; read the original for the full story.
Read the full story at TechCrunch
