TLDR:
- Ballistic Ventures closes an oversubscribed $360 million second fund to support cybersecurity innovation.
- The firm is led by experts with experience in founding, funding, and operating cybersecurity companies.
Ballistic Ventures has announced the successful closure of its oversubscribed $360 million second fund, demonstrating its commitment to fueling the next generation of cybersecurity innovation. The global cybersecurity market is projected to reach $1.5 trillion to $2 trillion, presenting significant opportunities for growth and development in the sector.
The firm, led by Founding Partners Kevin Mandia, Barmak Meftah, Ted Schlein, Jake Seid, and Roger Thornton, boasts a team with expertise in cybersecurity, having collectively founded, funded, or operated over 100 cybersecurity firms. This specialized focus enables founders to access valuable insights and support from industry leaders.
Since its inception, Ballistic Ventures has invested in 18 groundbreaking companies that address various cybersecurity challenges, such as safeguarding AI use, mitigating disinformation, and securing applications, connected devices, and more. The firm’s dedication to cybersecurity was recognized in 2023 when it was named “Investor of the Year” by SC Media.
In addition to announcing its new fund, Ballistic Ventures has promoted Agnes So to Chief Financial Officer, acknowledging her instrumental role in leading the firm’s finance and operations functions. So brings extensive experience from her tenure at Kleiner Perkins and Westlake Village BioPartners, enhancing the firm’s financial management capabilities.
Founder testimonials highlight the valuable support and guidance provided by Ballistic Ventures, showcasing the firm’s commitment to nurturing innovative cybersecurity companies. Through its platform, BallisticX, the firm continues to support entrepreneurs in building enduring cybersecurity solutions.
With a portfolio that includes companies like Alethea, Reach Security, and Talon, Ballistic Ventures remains at the forefront of early-stage cybersecurity investments, leveraging its team’s expertise and industry relationships to drive innovation in the cybersecurity landscape. Learn more about Ballistic Ventures at ballisticventures.com.
