Ballistic Ventures filed with the U.S.
Securities and Exchange Commission to raise $360 million for its third flagship fund and $130 million for Ballistic Ventures Fund B.
Neither fund had recorded sales at filing, making the $490 million total a fundraising target rather than a completed raise.
The company plans to raise $360 million for its third main fund and $130 million for Ballistic Ventures Fund B. As of the filing, no share sales had taken place.
Ballistic Ventures was founded in late 2021 by Ted Skline, Barmak Meftah, and Roger Thornton. It has previously backed companies such as Talon Cyber Security, Pangea, Armadin, GetReal, Nudge Security, and Oligo Security.
The move comes at a time when investment in the space is booming. According to a JPMorgan report, US security startups raised $11,5 billion in 2025, the highest since 2022. Companies leveraging artificial intelligence accounted for about 72% of related investment deals in the United States through May, up significantly from 36% in 2019.
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At the same time, Microsoft warned in a report that perpetrators are increasingly using artificial intelligence for online fraud, deception and the creation of dangerous programs, in order to move faster and more massively.
Ballistic Ventures declined to comment on its plans for the funding.
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