Ballistic Ventures has closed an oversubscribed USD 360 million fund that will “exclusively fund and incubate entrepreneurs and innovations” in cybersecurity.
Led by Founding Partners Kevin Mandia (founder of Mandiant, which is now part of Google Cloud), Barmak Meftah, Ted Schlein, Jake Seid, and Roger Thornton, the group has founded, funded, or operated over 100 cybersecurity companies.
Also read: Strategies to Tackle AI Hacking: Safeguarding the Future of Artificial Intelligence
Ballistic says it has invested in 18 companies tackling challenges such as safeguarding AI use, mitigating disinformation, and securing applications, code, connected devices, data, identity, SaaS services, and more since its launch two years ago and the close of its inaugural USD 300 million fund.
Read More: Ballistic Ventures Closes $360 Million Cybersecurity-Focused Fund
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