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.
54% of their portfolio is in Cybersecurity. Deal activity decreased year-over-year (5 deals in the last 12 months vs 9 prior). Their most common stage is series-a (44% of deals). Average disclosed round size is $40.4M (across 37 rounds with reported amounts).
Portfolio
32
Fund Size
$360M
Top Stage
Series A
Last 12 Mo
5
Team
AS
Agnes So
Chief Financial Officer
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
39 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 |
 Nudge Security | Series A | $22.5M | Nov 2025 |
 Noma Security | Series B | $100M | Jul 2025 |
 Zip Security | Series A | $13.5M | Jul 2025 |
 Cyrus | Seed | — | Apr 2025 |
 AuthMind | Seed | $8.5M | Apr 2025 |
| HHello Soju | Series A | $6.8M | Apr 2025 |
 GetReal | Series A | $17.5M | Mar 2025 |
 Mimic | Series A | $50M | Feb 2025 |
 Gomboc | Seed | $13M | Feb 2025 |
| GGomboc Ai | Seed | $13M | Feb 2025 |
 GetReal Security | Series A | $17.5M | Jan 2025 |
 SpecterOps | Series B | $75M | Jan 2025 |
| AAuthMind Inc | Seed | $19.3M | Jan 2025 |
| Noma Security | Series A | $32M | Oct 2024 |
 Concentric Ai | Series B | $45M | Oct 2024 |
 Witness AI | Series A | $27.5M | May 2024 |
 Alethea | Series B | $20M | Apr 2024 |
 Codezero | Seed | $3.5M | Mar 2024 |
 Reach Security | Series A | $20M | Mar 2024 |
| WWitnessAI | Series A | $27.5M | Jan 2024 |
| ArmorCode | Series B | $40M | Dec 2023 |
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Top Co-Investors
GV6 shared
Glilot Capital Partners6 shared
Evolution Equity Partners5 shared
In-Q-Tel5 shared
K2 Access Fund5 shared
Silver Buckshot Ventures5 shared
Lightspeed Venture Partners3 shared
Cyber Club London3 shared
Menlo Ventures3 shared
Forgepoint Capital3 shared
Cisco Investments3 shared
SYN Ventures3 shared
Kleiner Perkins3 shared
Cheyenne Ventures3 shared
Black Opal Ventures3 shared
TLV Partners2 shared
Cervin2 shared
Sierra Ventures2 shared
Shield Capital2 shared
Team82 shared
Last updated: 8 September 2026