TLDR:
- Ballistic Ventures closes oversubscribed $360 million Fund II to support cybersecurity innovation.
- Global cybersecurity TAM projected to reach $1.5 to $2 trillion, providing promising future opportunities.
Ballistic Ventures has closed its oversubscribed $360 million second fund, reinforcing its dedication to funding and incubating entrepreneurs in the cybersecurity sector. With the global cybersecurity market projected to grow significantly, the expertise of Ballistic Ventures’ team, led by Founding Partners Kevin Mandia, Barmak Meftah, Ted Schlein, Jake Seid, and Roger Thornton, sets it apart. The firm has already invested in 18 innovative companies, with success stories like Talon Cyber Security being acquired by Palo Alto Networks.
Additionally, Agnes So has been promoted to Chief Financial Officer, bringing her extensive experience to the firm. With a focus on partnering with visionary entrepreneurs to address cybersecurity challenges head-on, Ballistic Ventures continues to invest in new companies and nurture its existing portfolio through services like BallisticX. Their dedication to shaping the future of cybersecurity remains steadfast.
