Ballistic Ventures is a venture capital firm dedicated exclusively to funding and incubating early-stage cybersecurity companies. Founded in 2021 by seasoned cybersecurity operators including Kevin Mandia, Ted Schlein, Barmak Meftah, Jake Seid, and Roger Thornton, the firm is based in San Francisco.
67% of their portfolio is in Cybersecurity. Deal activity decreased year-over-year (3 deals in the last 12 months vs 12 prior). Their most common stage is series-a (46% of deals). Average disclosed round size is $41.5M (across 56 rounds with reported amounts).
Portfolio
33
Fund Size
$360M
Top Stage
Series A
Last 12 Mo
3
Team
AS
Agnes So
Chief Financial Officer
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
57 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Above Security | Series C | $50M | Mar 2026 |
 ArmorCode | Strategic | $16M | Mar 2026 |
 Armadin | Seed | $189.9M | Jan 2026 |
| OOligo | Series B | $60M | Jan 2026 |
| Above Security | Series A | $43M | Jan 2026 |
| ArmorCode | Unknown | $16M | Jan 2026 |
 Nudge Security | Series A | $22.5M | Nov 2025 |
 Noma Security | Series B | $100M | Jul 2025 |
 Reveal Technology | Series B | $30M | Jul 2025 |
 Zip Security | Series A | $13.5M | Jul 2025 |
 Hypernative | Series B | $40M | Jun 2025 |
 AuthMind | Seed | $8.5M | Apr 2025 |
 Hello Soju | Series A | $6.8M | Apr 2025 |
 GetReal Security | Series A | $17.5M | Mar 2025 |
 Mimic | Series A | $50M | Feb 2025 |
 Gomboc.ai | Seed | $13M | Feb 2025 |
| GetReal Security | Series A | $17.5M | Jan 2025 |
 SpecterOps | Series B | $75M | Jan 2025 |
| AuthMind | Seed | $19.3M | Jan 2025 |
 Veza | Series D | $108M | Jan 2025 |
| Reveal Technology | Series A | $11.2M | Dec 2024 |
| Noma Security | Series A | $32M | Oct 2024 |
 Concentric Ai | Series B | $45M | Oct 2024 |
| Noma Security | Series B | $100M | Sep 2024 |
 Witness AI | Series A | $27.5M | May 2024 |
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Top Co-Investors
GV12 shared
Evolution Equity Partners9 shared
Lightspeed Venture Partners7 shared
Glilot Capital Partners7 shared
Cyber Club London6 shared
In-Q-Tel6 shared
TLV Partners5 shared
Shield Capital5 shared
Silver Buckshot Ventures5 shared
Cervin4 shared
Sierra Ventures4 shared
Menlo Ventures4 shared
Team84 shared
K2 Access Fund4 shared
Cisco Investments4 shared
SYN Ventures4 shared
Cheyenne Ventures4 shared
Norwest Venture Partners4 shared
8VC4 shared
Accel4 shared
Last updated: 20 October 2026