Ted Schlein's Ballistic Ventures is aiming to raise $490 million across two new funds as interest grows in AI-driven cybersecurity.
TechCrunch reported that Ballistic Ventures, a cybersecurity-focused firm led by Ted Schlein, is seeking $490 million in new fundraising. According to TechCrunch, the firm plans to raise $360 million for a new flagship fund, along with an additional $130 million for a separate investment vehicle. The effort comes amid an AI-driven cybersecurity boom, TechCrunch reported.
Source: TechCrunch.
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