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

    The firm is targeting $360 million for its flagship fund and $130 million for another vehicle.

    Cybersecurity focused Ballistic Ventures is seeking to raise $360 million for a new flagship fund and another $130 million for a separate investment vehicle.

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    TechCrunch AI

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    TechCrunch AI
    Ted Schlein’s Ballistic Ventures seeks $490M for new funds amid AI-driven cybersecurity boom
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    Generated insight by OnAirToday AI

    The fundraising targets show Ballistic Ventures is seeking substantial new capital for cybersecurity investing. The plans come amid a boom in the sector attributed to AI.

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