TLDR:
- Venture capital firm Ballistic Ventures closed an oversubscribed $360 million fund for cybersecurity companies.
- The fund will be used to fund and incubate entrepreneurs and innovations in cybersecurity.
Venture capital firm Ballistic Ventures has closed an oversubscribed $360 million fund that will be used to fund cybersecurity companies. The fund will “exclusively fund and incubate entrepreneurs and innovations” in cybersecurity. Led by Founding Partners Kevin Mandia, Barmak Meftah, Ted Schlein, Jake Seid, and Roger Thornton, the group aims to invest in companies tackling challenges in AI, disinformation, and securing applications, code, devices, data, identity, SaaS services, and more.
Since the launch of Ballistic Ventures two years ago, the firm has invested in 18 companies and the $360 million Fund II will continue to support cybersecurity innovations. General Partner Ted Schlein highlighted the importance of cybersecurity in the current tech landscape and stated the firm’s commitment to addressing cyber challenges through visionary entrepreneurs.
The Ballistic portfolio includes companies like Aembit, Alethea, ArmorCode, AuthMind, Codezero, Concentric AI, Nudge Security, Oligo Security, Pangea, Perygee, Reach Security, SpecterOps, Talon (acquired by Palo Alto Networks), and Veza. The firm is looking for entrepreneurs who share their passion for cybersecurity to partner with on this critical mission.
