Ted Schlein’s 2-year-old Ballistic Ventures has already raised a second $360 million fund

Ballistic Ventures, a cybersecurity-focused VC firm led by Ted Schlein, closed a $360 million second fund and emphasizes a highly involved, board-taking approach to helping portfolio companies win early customers and hires. The team includes experienced security leaders and reports early traction, including the acquisition of Talon Cyber Security by Palo Alto Networks; they expect to finish deploying Fund 1 and begin investing from Fund 2 shortly.