Ted Schlein’s Ballistic Ventures seeks $490M for new funds amid AI-driven cybersecurity boom
The fundraising highlights how AI-driven security threats and the proliferation of AI agents are fueling significant venture capital investment in cybersecurity.
Reported by TechCrunch ·
What happened
Cybersecurity-focused VC firm Ballistic Ventures has filed to raise $490 million across two new funds. The fundraising effort comes amid a surge in venture capital for AI-enabled cybersecurity startups as organizations look to counter AI-powered cyberattacks and secure AI agents.
Who it’s about
- Ballistic Ventures
- Ted Schlein
- Microsoft
- JPMorgan Chase