Ballistic Ventures Seeks $490M for New Cybersecurity Funds
Ballistic Ventures, a cybersecurity-focused investment firm led by Ted Schlein, is trying to raise $360 million for a new flagship fund. It also wants another $130 million for a separate investment vehicle, as demand grows for AI-driven security tools.
Quick glossaryBallistic Ventures, flagship fund
- Ballistic Ventures
- A venture capital firm that invests money in young companies that build cybersecurity products to protect computer systems.
- flagship fund
- A firm's main and biggest investment pool, into which outside investors put money in the hope of future profits.
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