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§ Private Profile · Ellicott City, MD, USA
Cybersecurity company developing products and 24/7 MDR services for MSPs, focused on real-time threat detection and insider threats.
Based in Maryland, Blackpoint Cyber develops enterprise cybersecurity products and continuous 24/7 managed detection and response services for third-party managed service providers. The company delivers real-time threat detection, network visualization, and automated incident response capabilities through its proprietary SNAP-Defense software platform. By integrating directly with existing endpoint detection and response tools, the system allows organizations of all sizes to actively monitor their infrastructure and neutralize potential security vulnerabilities. In 2023, the enterprise scaled its commercial operations significantly after securing a $190 million strategic growth investment from prominent institutional investors, including Bain and Accel. Leveraging specialized tactical expertise drawn from the US Department of Defense, the platform protects corporate networks and sensitive data against external cyber intrusions and insider threats. Blackpoint Cyber was founded in 2014 by former National Security Agency intelligence expert Jon Murchison.
Blackpoint Cyber has raised $386.0M across 3 funding rounds.
Blackpoint Cyber has raised $386.0M in total across 3 funding rounds.
Blackpoint Cyber has raised $386.0M across 3 funding rounds. Most recently, it raised $190.0M Other Equity in June 2023.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jun 9, 2023 | $190M Venture Round | Dewey Awad | Accel, Adelphi Capital Partners, Pelican Ventures, Telcom Ventures, WP Global Partners | Announced |
| Jun 1, 2023 | $190M Series C | Bain Capital Tech Opportunities | Andreessen Horowitz, Bain Capital, Craft Ventures, Khosla Ventures, SciFi VC, Marc Benioff, Michael Birch, Accel, Adelphi Capital Partners, Pelican Ventures, Telcom Ventures, WP Global Partners | Announced |
| May 29, 2018 | $6M Venture Round | TOM Donohue, Telcom Ventures | Maryland Venture Fund | Announced |
Blackpoint Cyber is a cybersecurity company specializing in Managed Detection and Response (MDR) services, delivering 24/7 proactive protection through proprietary technology and an expert Security Operations Center (SOC).[1][2][4][5] Founded in 2014 by former U.S. Department of Defense and intelligence experts, it serves Managed Service Providers (MSPs) and organizations worldwide, solving the problem of stealthy cyber threats that traditional endpoint detection tools miss by focusing on attacker behavior patterns like lateral movement.[1][3][4][8] Key products include the SNAP-Defense platform for threat hunting and response, LogIC for compliance logging, and an identity-driven MDR ecosystem offering SIEM, EDR, vulnerability management, SaaS security, and dark web monitoring.[1][7][8] With around 120-140 employees, $197.2M in total funding (including a $190M recent round), and $29.4M revenue, Blackpoint demonstrates strong growth by empowering MSPs to scale security without tool sprawl.[4][8]
Blackpoint Cyber was founded in 2014 by former U.S. Department of Defense and intelligence security experts with deep knowledge of malicious tradecraft, initially headquartered in Ellicott City, Maryland (with a later office in Denver, Colorado).[1][3][4][8] The idea emerged from their real-world experience combating nation-state-grade threats, leading to the development of SNAP-Defense as a next-gen platform to detect lateral movement in its earliest stages and neutralize threats before spread.[1][8] Early traction came from building a proprietary ecosystem tailored for MSPs, evolving into a full MDR service with patented technology and a 24/7 ThreatOps center, positioning it as a frontrunner in the space.[3][4]
Blackpoint stands out in cybersecurity through these key strengths:
Blackpoint rides the surging demand for MDR amid escalating cyber threats, where traditional tools fail against stealthy tactics like living-off-the-land attacks in cloud environments.[3][6] Timing is ideal as MSPs face tool sprawl, compliance pressures, and resource limits, with market forces favoring proactive, consolidated platforms over alert-heavy solutions—evidenced by Blackpoint's funding and partner trust.[6][8] It influences the ecosystem by empowering MSPs as security heroes, disrupting incumbents through scalable analytics and outcomes-focused metrics, while enabling global businesses to counter advanced persistent threats without in-house expertise.[3][4][7]
Blackpoint Cyber is poised for expansion with its $197M funding fueling platform enhancements and global reach, targeting deeper AI-driven threat prediction and broader SaaS/cloud coverage.[8] Rising ransomware, AI-augmented attacks, and regulatory demands will shape its trajectory, amplifying MDR adoption as businesses prioritize outcomes over alerts.[6] Its MSP focus and behavioral detection edge position it to evolve from protector to indispensable ecosystem orchestrator, sustaining momentum in a market projected to grow amid perpetual threat evolution—cementing its role in making elite cybersecurity ubiquitous.[2][3][5]
Blackpoint Cyber has raised $386.0M in total across 3 funding rounds.
Blackpoint Cyber's investors include Dewey Awad, Accel, Adelphi Capital Partners, Pelican Ventures, Telcom Ventures, WP Global Partners, Bain Capital Tech Opportunities, Andreessen Horowitz, Bain Capital, Craft Ventures, Khosla Ventures, SciFi VC.