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

Cybersecurity-focused Ballistic Ventures is seeking to raise $360 million for a new flagship fund and an additional $130 million for a separate investment vehicle, according to a report. The fundraising effort comes amid a boom in AI-driven cybersecurity, with the firm looking to capitalize on growing demand for advanced threat detection and response solutions.