AI News/Wire summary
Ballistic Ventures seeks $490M for two new cybersecurity funds
Key points
- Filings with the SEC show $360M for a third flagship fund, matching its 2024-raised predecessor.
- A separate $130M vehicle, Ballistic Ventures Fund B, is also being raised; neither fund had recorded sales at filing.
- Per JPMorgan Chase report, AI-enabled companies were about 72% of U.S. cybersecurity venture deals through May, up from 36% in 2019.
Why it matters for marketers: Marketers selling to security investors and startups can expect more cybersecurity VC capital and AI-focused deal activity as these funds close.
Summary by the Z Media news desk, from the outlets' reporting. Read the full stories at the source.
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