Jun 27, 2023

Blackpoint Cyber – a leading technology-focused cybersecurity company offering an advanced security suite via managed service providers (MSPs) – announced it has received a $190 million growth investment led by Bain Capital Tech Opportunities with participation from Accel. Bain Capital Tech Opportunities and Accel join existing investors including Adelphi Capital Partners, Telecom Ventures, Pelican Ventures, and WP Global Partners. This funding round will be used for further development of Blackpoint’s security technology and enable its MSP partners to combat a constantly changing threat landscape. Launched in 2014 by CEO Jon Murchison (a former National Security Agency computer operations expert who spent over a decade executing high-priority national security missions), Blackpoint utilizes real-world cyber experience and deep knowledge of cyber defense tactics to help MSPs safeguard their customers from cyberthreats. And Blackpoint’s Managed Detection and Response (MDR) technology rapidly detects and isolates threats at the earliest sign of a breach. Plus many security services place the burden of response and action on their customers whereas Blackpoint’s 24/7 Security Operations Center (SOC) investigates suspicious activity and takes action to neutralize threats in real-time on behalf of its MSP partners. This eliminates alert fatigue and time spent on false positives. Blackpoint is focused on adding additional products to its platform and simplifying the security stack for its MSP partners as they play an ever-increasing role in cybersecurity. And Blackpoint recently introduced its Managed Application Control solution to help MSPs ensure that only authorized applications are running on devices and reduce the risk of unauthorized activity or malware infiltration. Plus Blackpoint also launched the Blackpoint University learning platform in 2023 to provide MSPs with access to sales and technical cybersecurity training and lessons from leaders in the military, intelligence, and business communities. KEY QUOTES: “The MSP market is growing fast, and we are matching that growth by scaling and innovating new cybersecurity solutions. Cyber-attacks are becoming more sophisticated and advanced, forcing MSPs to rapidly adapt to protect their customers and infrastructure. Bain Capital Tech Opportunities and Accel bring deep experience in cybersecurity, a sophisticated understanding of the threat landscape, and the resources needed to propel our next phase of growth, and we are thrilled to partner with them and continue providing our MSP partners with an elite and ever-innovative cybersecurity ecosystem.” — Jon Murchison, CEO and founder of Blackpoint Cyber “Blackpoint sets itself apart as the security service of choice for MSPs with its next-gen MDR technology and integrations to detect and actively respond to threats. We are thrilled to join Jon and the management team to help accelerate the growth of the business and drive new product development that delivers a unique value proposition to MSPs and their customers.” — Dewey Awad, a Partner at Bain Capital Tech Opportunities Trending on Pulse 2.0