Ballistic Ventures

Ballistic Ventures is a venture capital firm founded in 2020 and headquartered in San Francisco, California. It is dedicated exclusively to investing in early-stage cybersecurity companies, from seed through Series B. The firm was founded by a team of prominent cybersecurity operators and investors, including Kevin Mandia (founder of Mandiant), Ted Schlein (former Kleiner Perkins partner), Barmak Meftah (former CEO of AlienVault), Roger Thornton (former CTO of AlienVault), and Jake Seid (former managing director at Stone Point Capital). Ballistic Ventures typically leads or co-leads rounds and takes an active role in helping portfolio companies with go-to-market strategy, talent acquisition, and product development. The firm has raised multiple funds, including a $300 million fund in 2022, and has invested in companies such as Abnormal Security, Censys, and Oligo Security. Ballistic Ventures is known for its deep domain expertise and its network within the cybersecurity industry, positioning itself as a specialist investor in a sector that is increasingly critical to enterprises and governments worldwide.

Ballistic Ventures was founded in 2020 by a group of cybersecurity industry veterans: Kevin Mandia, Ted Schlein, Barmak Meftah, Roger Thornton, and Jake Seid. The firm was established with the goal of providing dedicated venture capital to early-stage cybersecurity startups, a sector that the founders believed was underserved by generalist venture firms. In 2021, Ballistic Ventures launched its first fund, reportedly raising $100 million. In 2022, the firm announced its second fund at $300 million, significantly exceeding its initial target. The firm has since invested in a number of cybersecurity companies, including Abnormal Security, Censys, Oligo Security, and others. Ballistic Ventures operates with a hands-on approach, leveraging the founders' operational experience to help portfolio companies scale. The firm is headquartered in San Francisco and remains an active investor in the cybersecurity space.

• 2022

  Announced second fund at $300 million.

• 2021

  Launched first fund, reportedly raising $100 million.

• 2020

  Ballistic Ventures founded by Kevin Mandia, Ted Schlein, Barmak Meftah, Roger Thornton, and Jake Seid.

Specialist venture capital firm focused exclusively on cybersecurity, providing deep domain expertise and operational support to early-stage startups.

Product categories. Venture capital funding · Strategic guidance · Network access

• 2026-10-01

  Armadin raises $255.5M Series B at over $2.5B valuation[2]Armadin以逾25亿美元估值完成2.555亿美元B轮融资techcrunch.com

  Reported: 2026-10-01

  Armadin, the agent-swarm security startup founded by Kevin Mandia, announced on Thursday (2026-10-01) that it raised $255.5 million in a Series B round at a valuation of more than $2.5 billion. The round was led by Andreessen Horowitz and Accel, with Bain Capital Ventures, Redpoint, 8VC, Ballistic Ventures, Google Ventures, In-Q-Tel, Kleiner Perkins, and Menlo Ventures joining in.

  Weekdays and relative dates follow the original report; their exact calendar dates have not been verified.

1. 1Google Newsnews.google.com
2. 2Armadin以逾25亿美元估值完成2.555亿美元B轮融资techcrunch.com