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Ted Schlein’s Ballistic Ventures seeks $490M for new funds amid AI-driven cybersecurity boom

January 2, 2025 | TechCrunch AI
Ted Schlein’s Ballistic Ventures seeks $490M for new funds amid AI-driven cybersecurity boom
The San Francisco-based VC firm filed with the U.S. Securities and Exchange Commission this week to raise $360 million for its third flagship fund, matching the size of its previous fund raised in 2024, and another $130 million for a separate vehicle called Ballistic Ventures Fund B. Neither fund had recorded any sales at the time of filing. The fundraising plans come as the growing use of artificial intelligence has raised concerns about more sophisticate