Ballistic Ventures seeks $490M for Fund B

Cybersecurity-focused venture capital firm Ballistic Ventures is seeking to raise $490 million across two new funds, according to regulatory filings. The firm filed to raise $360 million for its third flagship fund and $130 million for a separate vehicle called Fund B. The fundraising effort coincides with a surge in cybersecurity startup funding driven by increased demand for AI-enabled defenses against more sophisticated cyberattacks. Open article →