Blackpoint Cyber, a cybersecurity company, has raised $190 million in a growth funding round led by Bain Capital Tech Opportunities, with participation from Accel.
This brings the total raised by the company to just over $200 million. Founded in 2014, Blackpoint offers an advanced security suite through managed service providers (MSPs) to help protect customers.
Blackpoint’s Managed Detection and Response (MDR) technology is designed to identify and isolate threats at the early stages of a breach.
The company also maintains a Security Operations Center (SOC) that continuously investigates suspicious activity and neutralizes threats in real-time. With the new funding, Blackpoint Cyber plans to further develop its security solutions.
In addition to the recently introduced Managed Application Control and Blackpoint University learning platform, the company aims to expand its product offerings and streamline the security stack for MSPs.
Blackpoint recognizes the rapid growth of the MSP market and the increasing sophistication of cyber-attacks, which necessitate innovative cybersecurity solutions.CEO and founder Jon Murchison emphasized the need for MSPs to adapt quickly to protect their customers and infrastructure in the face of evolving threats.
