Ballistic Ventures Seeks to Raise $490 Million for New Funds

TechFlow news, November 4: According to TechCrunch, cybersecurity venture capital firm Ballistic Ventures is seeking to raise a total of $490 million for two new funds.

The company filed with the U.S. Securities and Exchange Commission this week, planning to raise $360 million for its third flagship fund and $130 million for the separate investment vehicle Ballistic Ventures Fund B. At the time of filing, neither fund had recorded any sales.

The report noted that the increased use of artificial intelligence has raised concerns about more sophisticated cyberattacks, while the rise of AI agents has also created new opportunities for cybersecurity startups and their investors. Ballistic Ventures declined to comment on the fundraising plans.

Source: TechFlow