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

The short version

Ballistic Ventures aims to raise $490 million for two new funds as AI-driven cybersecurity demand surges.

Key takeaways

• Seeking $360 million for a flagship fund and $130 million for Fund B.
• AI's influence on cybersecurity has led to increased investments.
• Ballistic Ventures has previously backed notable cybersecurity firms.

Overall sentiment

The fundraising indicates confidence in the cybersecurity market's growth driven by AI.

AI classification of the article’s tone. Coverage is limited to the announcement of fundraising plans and context related to AI in cybersecurity.

Sources cited by the article

• raise $360 million ↗
• another $130 million ↗
• acquired by Palo Alto Networks ↗
• bought by CrowdStrike ↗
• announced its $300 million debut fund ↗
• report ↗
• warned ↗
• Ballistic Ventures ↗
• Venture ↗
• Register Now ↗
• Anthropic warns that it’s very close to RSI capability, aka self-building AI ↗
• New York Times and other outlets sue web browser Brave over alleged content scraping ↗
• Google’s first data center satellite is online and writing poetry ↗
• Binance pauses withdrawals as hackers suspected of stealing billions in crypto ↗
• As search traffic dries up, Reddit announces it’s shifting to a logged-in experience ↗
• AI execs may be too out of touch to build for the general public ↗
• Amanda Silberling ↗

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