Ballistic Ventures, San Francisco, CA-based new venture capital firm dedicated exclusively to funding and incubating entrepreneurs and innovations in cybersecurity, launched its maiden fund that’s expected to close at $300 million.
Ballistic is a new model of venture firm in the cybersecurity space – a group of “founders backing founders.”
ThePartners Ballistic VenturesInclude General Partners Barmak Meftah, Ted Schlein, Jake Seid, Roger Thornton, Incubation Partner Derek SmithAnd Strategic Partner Kevin Mandia. Michelle KincaidAs vice president marketing and platforms, she joins the firm. Agnes SoAs vice president of finance, operations.
EveryPartner has a long history of leading, funding, and founding startups. He also has experience growing ideas into multi-billion dollar businesses. CombinedThey have founded, managed, or funded more than 90 cybersecurity businesses; led more then 10,000 security professionals around the world; and funded or operated companies worth more than $100 billion.
TheFund is already being used in early-stage funding rounds to support cybersecurity innovators,
- Pangea, a cybersecurity startup focusing on API security solutions to developers
- ConcentricIntelligent AI solutions for business-critical data
- Nudge Securitya cybersecurity startup that protects organizations with the power and expertise of the modern workforce.
- Veza, a data security platform based on the power and authorization