March 14, 2024 at 01:09PM
Ballistic Ventures has closed a $360 million fund to exclusively support and nurture entrepreneurs and innovations in cybersecurity. Led by experienced founders, the firm has previously invested in 18 companies addressing challenges including AI security and disinformation mitigation. The fund will continue to focus on addressing critical cyber challenges and seeks visionary partners.
Key takeaways from the meeting notes include:
1. Ballistic Ventures has closed an oversubscribed $360 million fund to exclusively fund and incubate entrepreneurs and innovations in the cybersecurity space.
2. The founding partners of Ballistic Ventures have significant experience in the cybersecurity industry, collectively founding, funding, or operating more than 100 cybersecurity companies.
3. Since its launch, Ballistic Ventures has invested in 18 companies addressing challenges such as AI security, disinformation mitigation, and securing various aspects of technology including applications, code, connected devices, and identity.
4. The new $360 million fund will continue Ballistic Ventures’ mission to address cyber challenges and is seeking visionary entrepreneurs to partner with on this critical mission.
5. The current portfolio of Ballistic Ventures includes several cybersecurity companies such as Aembit, Alethea, ArmorCode, AuthMind, Codezero, and others, with one acquisition by Palo Alto Networks.