# Ballistic Ventures' Cybersecurity Investments: 17 Startups in Its Portfolio (2026)

> The 17 Cybersecurity startups Ballistic Ventures has backed, by stage: $1.1B raised between them. From the rounds we track; updated nightly.

Source: https://millionrounds.com/portfolio-maps/ballistic-ventures-cybersecurity-portfolio (Millionrounds; every figure on the page links to its filing or article)

## Series B

6

- [Reach Security](https://millionrounds.com/company/reach-security)
- [ArmorCode](https://millionrounds.com/company/armorcode)
- [SpecterOps](https://millionrounds.com/company/specterops)
- [Cado Security](https://millionrounds.com/company/cado-security)
- [Alethea](https://millionrounds.com/company/alethea)
- [Open Raven](https://millionrounds.com/company/open-raven)

## Series A

5

- [Talon Cyber Security](https://millionrounds.com/company/talon-cyber-security)
- [Aembit](https://millionrounds.com/company/aembit)
- [Nudge Security](https://millionrounds.com/company/nudge-security)
- [BreachRx](https://millionrounds.com/company/breachrx)
- [Phylum](https://millionrounds.com/company/phylum)

## Stage not reported

2

- [*N* Netskope](https://millionrounds.com/company/netskope)
- [Stellar Cyber](https://millionrounds.com/company/stellar-cyber)

## Series C and later

2

- [Veza](https://millionrounds.com/company/veza)
- [Arkose Labs](https://millionrounds.com/company/arkose-labs)

## Pre-seed and seed

2

- [Root Evidence](https://millionrounds.com/company/root-evidence)
- [Perygee](https://millionrounds.com/company/perygee)

## Segment by segment

### Series B

6 startups · $210M raised

- [**Reach Security**](https://millionrounds.com/company/reach-security) Reach Security is an AI-native cybersecurity company founded in 2021, focused on helping organizations identify and address hidden United States $60M
- [**ArmorCode**](https://millionrounds.com/company/armorcode) ArmorCode offers an AppSecOps platform that reduces application exposure and risk for customers. United States $59M
- [**SpecterOps**](https://millionrounds.com/company/specterops) SpecterOps is a cybersecurity company that provides services and training solutions to help enterprises defend against attacks. United States $30M
- [**Cado Security**](https://millionrounds.com/company/cado-security) Cado Security provides the cloud investigation platform that empowers security teams to respond to threats at cloud speed. United Kingdom $21M
- [**Alethea**](https://millionrounds.com/company/alethea) Alethea, also known as Alethea Group, is a technology company based in Washington, D.C., founded in 2019. United States $20M
- [**Open Raven**](https://millionrounds.com/company/open-raven) Open Raven is the data security posture management company that prevents leaks, breaches, and compliance incidents. United States $20M

### Series A

5 startups · $178M raised

- [**Talon Cyber Security**](https://millionrounds.com/company/talon-cyber-security) Talon Cyber Security provides cybersecurity solutions for the distributed workforce. - $100M
- [**Aembit**](https://millionrounds.com/company/aembit) Aembit is a cybersecurity company founded in 2021 and headquartered in Silver Spring, Maryland. United States $25M
- [**Nudge Security**](https://millionrounds.com/company/nudge-security) Nudge Security is a human-centric cybersecurity company founded in 2021, headquartered in Austin, Texas, with additional offices i United States $23M
- [**BreachRx**](https://millionrounds.com/company/breachrx) BreachRx is a cybersecurity company based in San Francisco, California, founded in 2020. United States $15M
- [**Phylum**](https://millionrounds.com/company/phylum) Phylum is a software supply chain security company that helps organizations manage risks in open-source software. United States $15M

### Stage not reported

2 startups · $472M raised

- [*N* **Netskope**](https://millionrounds.com/company/netskope) United States $400M
- [**Stellar Cyber**](https://millionrounds.com/company/stellar-cyber) Stellar Cyber is an open XDR platform that offers comprehensive security while streamlining operations for efficiency. United States $72M

### Series C and later

2 startups · $184M raised

- [**Veza**](https://millionrounds.com/company/veza) Veza is a data security platform that helps users use and share their data safely. United States $108M
- [**Arkose Labs**](https://millionrounds.com/company/arkose-labs) Arkose Labs is a global leader in proactive fraud deterrence and account security, based in San Mateo, California. United States $76M

### Pre-seed and seed

2 startups · $17M raised

- [**Root Evidence**](https://millionrounds.com/company/root-evidence) Root Evidence is a cybersecurity startup based in Boise, Idaho, founded in July 2025. United States $13M
- [**Perygee**](https://millionrounds.com/company/perygee) Perygee is an integration and automation platform that connects that dots between your existing software and people systems United States $4.0M

**How this map is made.** Every startup here works in Cybersecurity and has raised money in a round we track that names Ballistic Ventures as an investor. Each sits under the stage of its latest round. Rebuilt nightly; updated 15 November 2026.

## More portfolio maps

[All portfolios](https://millionrounds.com/portfolio-maps)

[Sector portfolio **Ballistic Ventures' AI portfolio** 15 startups · $1.4B](https://millionrounds.com/portfolio-maps/ballistic-ventures-ai-portfolio)[Portfolio map **Ballistic Ventures portfolio map** 35 startups · $2.6B](https://millionrounds.com/portfolio-maps/ballistic-ventures-portfolio-map)[Sector portfolio **Techstars' AI portfolio** 336 startups · $4.9B](https://millionrounds.com/portfolio-maps/techstars-ai-portfolio)[Sector portfolio **Alumni Ventures' AI portfolio** 302 startups · $36B](https://millionrounds.com/portfolio-maps/us-strategic-tech-fund-an-alumni-ventures-fund-ai-portfolio)[Sector portfolio **Andreessen Horowitz's AI portfolio** 259 startups · $426B](https://millionrounds.com/portfolio-maps/andreessen-horowitz-ai-portfolio)[Sector portfolio **General Catalyst's AI portfolio** 226 startups · $179B](https://millionrounds.com/portfolio-maps/general-catalyst-ai-portfolio)

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