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

• 🛡️ Cybersecurity-focused venture capital firm Ballistic Ventures is launching a major new fundraising effort.
• 💰 The firm is seeking $360 million for its second flagship fund to invest in early-stage security startups.
• 🚀 An additional $130 million is being targeted for a separate investment vehicle, bringing the total raise goal to $490 million.