Ballistic Ventures Plans to Raise $490 Million to Bet on AI Cybersecurity
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On November 4, 2026, TechCrunch reported that Ballistic Ventures, a cybersecurity-focused venture capital firm founded by Ted Schlein, has filed with the U.S. SEC to raise a total of $490 million through two new funds. Its third flagship fund targets $360 million, while another fund, Ballistic Ventures Fund B, targets roughly $130 million. The report noted that the move aims to bet on the AI-driven cybersecurity boom. The matter is still at the fund formation filing stage, with no further developments disclosed.
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- TechCrunch · AITed Schlein’s Ballistic Ventures seeks $490M for new funds amid AI-driven cybersecurity boom
Cybersecurity-focused venture firm Ballistic Ventures has filed with the US SEC to raise $490 million across two new funds, including $360 million for its third flagship fund and roughly $130 million for another vehicle, Ballistic Ventures Fund B.
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