Ballistic Ventures seeks $490M for AI-driven cybersecurity funds

ballistic ventures, co-founded by ted schein, is seeking to raise $360 million for its third flagship fund and $130 million for a separate vehicle called ballistic ventures fund b. the firm's investment strategy is similar to those of other cybersecurity-focused investors. the growing use of artificial intelligence has raised concerns about more sophisticated cyberattacks, creating new opportunities for cybersecurity startups and venture capital firms. us cybersecurity startups raised $11.5 billion in 2025, the highest since 2022.