From AI Insider · James Dargan · · 40s
Ballistic Ventures Targets $490M Funds
Ballistic Ventures seeks $490m across two AI-driven cybersecurity funds.
In brief
Ballistic Ventures seeks $490m across two AI-driven cybersecurity funds. Ballistic Ventures aims to raise $490 million for two new cybersecurity funds as AI increases cyber threats and security startup opportunities. Originally reported by AI Insider.
Ballistic Ventures Fund Targets
Ballistic Ventures, co-founded by Ted Schlein, seeks $490 million across two new funds.
Funds Breakdown
The firm aims for $360 million for its third flagship fund and $130 million for Ballistic Ventures Fund B.
AI Cybersecurity Demand
AI increases cyber threats while creating security startup opportunities, with 72% of U.S. cybersecurity deals now AI-enabled.
The one thing
Ballistic Ventures aims to raise $490 million for two new cybersecurity funds as AI increases cyber threats and security startup opportunities.
