Ballistic Ventures Seeks $490M for New AI Cybersecurity Funds

4 Nov 2026, 3:13 am · 3h ago · 1 min read · TechCrunch AI

Amount

$490M

Ballistic Ventures, a cybersecurity-focused venture capital firm led by general partner Ted Schlein, is seeking to raise $490 million across two new funds amid an AI-driven cybersecurity boom. The firm plans to raise $360 million for its new flagship fund alongside $130 million for a separate investment vehicle. The fresh capital will be deployed into early-stage cybersecurity startups building defenses against emerging artificial intelligence threats. The fundraising effort highlights surging investor appetite for next-generation security software as businesses face increasingly sophisticated digital risks and automated attacks in an expanding generative AI landscape.