<ul><li>Venture capital firm Ballistic Ventures, co-founded by Ted Schlein, is raising $100 million for a new fund.</li><li>The San Francisco-based firm is targeting cybersecurity startups and has a hands-on approach, providing support including board seats, hiring assistance, and customer acquisition.</li><li>The team brings a strong network of contacts to portfolio companies and has made investments in 59 startups so far.</li><li>Venture funding in cybersecurity grew 43% year-over-year to $11.6 billion in 2024.</li></ul>

Ted Schlein’s Ballistic Ventures is raising $100M for a new fund

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