专注于网络安全领域的风险投资公司 Ballistic Ventures 正寻求为两只新基金筹集总计 4.9 亿美元，TechCrunch 通过监管文件获悉该消息。该公司由前 Kleiner Perkins 合伙人 Ted Schlein（上图右二）共同创立。
Ballistic Ventures, the cybersecurity-focused venture capital firm co-founded by former Kleiner Perkins partner Ted Schlein (pictured above, second from the right), is seeking to raise $490 million across two new funds, TechCrunch has learned through regulatory filings.
这家总部位于旧金山的 VC 公司本周向美国证券交易委员会（SEC）提交文件，计划为其第三只旗舰基金筹集 3.6 亿美元，规模与其 2024 年募集的上一只基金持平；另计划为一只名为 Ballistic Ventures Fund B 的独立工具筹集 1.3 亿美元。文件显示，两只基金在申报时均未记录任何销售额。
The San Francisco-based VC firm filed with the U.S. Securities and Exchange Commission this week to raise $360 million for its third flagship fund, matching the size of its previous fund raised in 2024, and another $130 million for a separate vehicle called Ballistic Ventures Fund B. Neither fund had recorded any sales at the time of filing. The fundraising plans come as the growing use of artificial intelligence has raised concerns about more sophisticated cyberattacks.
此次募资计划正值人工智能使用日益普及，引发对更复杂网络攻击的担忧之际。AI 智能体的兴起也为网络安全初创企业及支持它们的风投机构创造了新机遇。
The rise of AI agents has also created new opportunities for cybersecurity startups and the venture capital firms backing them.
Ballistic Ventures 成立于 2021 年底，创始团队除 Schlein 外，还包括前 AT&T Cybersecurity 总裁 Barmak Meftah，以及曾共同创立安全公司 Fortify Software 和 AlienVault 的 Roger Thornton。该公司投资过的企业包括：被 Palo Alto Networks 收购的 Talon Cyber Security、被 CrowdStrike 收购的 Pangea，以及 Armadin、GetReal、Nudge Security 和 Oligo Security 等初创公司。
Founded in late 2021, Ballistic Ventures’ founding team includes Schlein, former AT&T Cybersecurity president Barmak Meftah and Roger Thornton, who co-founded security companies Fortify Software and AlienVault. The firm has backed companies including Talon Cyber Security, acquired by Palo Alto Networks, and Pangea, bought by CrowdStrike, alongside startups such as Armadin, GetReal, Nudge Security and Oligo Security.
另一家 VC 公司的网络安全投资人对 TechCrunch 表示，Ballistic 与老牌风投机构 Kleiner Perkins 的渊源——Schlein 在那里工作了二十多年——使其在竞争对手中脱颖而出。不过，该人士称，其投资策略与其他专注于网络安全的投资者（包括 Forgepoint Capital 和 Ten Eleven Ventures）相似。
Ballistic’s ties to storied venture capital firm Kleiner Perkins, where Schlein spent more than two decades, help set it apart from rivals, a cybersecurity investor at another VC firm told TechCrunch. Its investment strategy, however, is similar to those of other cybersecurity-focused investors, including Forgepoint Capital and Ten Eleven Ventures, the person said.
2022 年，Ballistic 宣布成立 3 亿美元的首只基金；两年后又为第二只旗舰基金筹集了 3.6 亿美元。据 PitchBook 数据，它还为一只名为 Ballistic Ventures Fund A 的独立工具筹集了约 1.3 亿美元。新设的 Fund B 目标规模与此相当。
In 2022, Ballistic announced its $300 million debut fund and raised another $360 million for its second flagship fund two years later. It also raised about $130 million for a separate vehicle called Ballistic Ventures Fund A, per PitchBook data. The new Fund B is targeting a similar amount.
据摩根大通近期发布的一份报告，引用PitchBook数据显示，2025年美国网络安全初创企业融资额达115亿美元，为2022年以来最高。报告称，截至今年5月，人工智能赋能型公司占美国网络安全风险投资交易的约72%，而2019年这一比例为36%。
U.S. cybersecurity startups raised $11.5 billion in 2025, the highest since 2022, a recent report by JPMorgan Chase said, citing PitchBook data. AI-enabled companies accounted for about 72% of U.S. cybersecurity venture deals through May this year, compared with 36% in 2019, the report said.
另外，微软在上月发布的年度《数字防御报告》中警告称，黑客越来越多地利用人工智能进行从网络钓鱼、社会工程学攻击到恶意软件开发等各类活动。该技术使攻击者能够更快、更大规模地开展行动，尽管其许多底层技术手段保持不变。Ballistic Ventures拒绝就其融资计划置评。
Separately, Microsoft, in its annual Digital Defense Report released last month, warned that hackers are increasingly using AI for activities ranging from phishing and social engineering to malware development. The technology is allowing attackers to operate faster and at greater scale, even as many of their underlying techniques remain unchanged. Ballistic Ventures declined to comment on its fundraising plans.