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Venture

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

Tuesday, November 3, 2026 · first reported by TechCrunch and 1 other

Ballistic Ventures is seeking $490 million across two new vehicles, a $360 million flagship fund and a $130 million second fund, according to regulatory filings. The cybersecurity-focused firm is led by Ted Schlein, a former Kleiner Perkins partner.

Fund
Ballistic Ventures Fund B
Size
$490M
Stage
Target
Asset class
Venture
Geography
North America

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