Ballistic Ventures seeks $490m for new funds
What happened
On 4 November 2026, TechCrunch reported that Ballistic Ventures, the cybersecurity venture firm co-founded by former Kleiner Perkins partner Ted Schlein, filed with the SEC this week to raise a combined $490m across two new funds. Its third flagship fund targets $360m, level with its previous fund in 2024, alongside a $130m Ballistic Ventures Fund B. The report says the raise is aimed at betting on the AI-driven cybersecurity boom. The disclosed information comes only from the SEC filing and the report; the final fund size and progress have not been announced.
Written by AI from the reports · updated 2 h ago
Timeline
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- TechCrunch · AITed Schlein’s Ballistic Ventures seeks $490M for new funds amid AI-driven cybersecurity boom
Cybersecurity focused Ballistic Ventures is seeking to raise $360 million for a new flagship fund and another $130 million for a separate investment vehicle.
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