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Company

Ballistic Ventures

Venture capital firm focused on cybersecurity startups, co-founded by Mandiant founder Kevin Mandia, who is a general partner; it backs security founders.

Current stories

investOne report1 publisher

Top Tier Capital Partners leads a Series B of more than $50 million in Reach Security

Reach Security raised more than $50 million in a Series B led by Top Tier Capital Partners, with In-Q-Tel and Microsoft's M12 in the round. One round with no disclosed valuation is thin evidence of category-wide appetite for AI-driven defence.

Publishers:fintech.global

Reality

Evidence30
Adoption35
Hype gap+30
Incentives70
Confidence45
securityConfirmed6 publishers

Mandia's Armadin raises $255.5 million to point AI attack agents at customers' networks

Kevin Mandia's Armadin raised $255.5 million at a valuation above $2.5 billion, bringing its total to $445 million seven months after launch. Its case against periodic pen tests rests on performance data from an exercise Armadin ran with a partner.

Perspective Coverage

6 publishers
Builder
Builder 24%
Operator
Operator 38%
Investor
Investor 38%

Reality

Evidence55
Adoption30
Hype gap+40
Incentives75
Confidence60
investConfirmed6 publishers

Investors price Kevin Mandia's seven-month-old Armadin above $2.5 billion

Armadin, the AI attack-testing startup run by Mandiant founder Kevin Mandia, raised $255.5 million at a valuation above $2.5 billion. Investors are betting that always-on AI agents will take over the budget companies now spend on periodic penetration tests.

Perspective Coverage

6 publishers
Builder
Builder 31%
Operator
Operator 32%
Investor
Investor 37%

Reality

Evidence55
Adoption20
Hype gap+40
Incentives80
Confidence60
productOne report1 publisher

Amazon puts Mandiant's founder on both its Audit and Security committees

Kevin Mandia joined Amazon's board on 8 September and takes two committee seats, including the security one a retired NSA director left in May. His day job is an AI startup that attacks corporate networks.

Publishers:thenextweb.com

Reality

Evidence74
Adoption30
Hype gap+30
Incentives76
Confidence64
securityOne report1 publisher

Nakasone's new firm sells household defense, which makes it a budget line of its own

The Nakasone Group's service list begins at the home router and the family inbox. Those are assets no corporate security team can audit, and nobody has settled who pays to defend them.

Publishers:securityweek.com

Reality

Evidence42
Adoption
Not scored
Hype gap+28
Incentives74
Confidence55