Blackpoint Cyber offers Managed Detection and Response (MDR) technology that rapidly detects and isolates threats at the earliest sign of a breach and a 24/7 Security Operations Center (SOC) that investigates suspicious activity and takes real-time action for MSP partners. Its services aim to eliminate alert fatigue and reduce time spent on false positives for managed service providers. The company recently introduced a Managed Application Control solution to ensure only authorized applications run on devices and to reduce malware risk. In 2023 Blackpoint launched Blackpoint University, a learning platform delivering sales and technical cybersecurity training for MSPs with lessons from military, intelligence, and business leaders. The company plans to use new funds to further develop its security technology. Blackpoint was founded in 2014 by CEO Jon Murchison, a former NSA computer operations expert. Blackpoint Cyber provides a 24/7 Managed Detection and Response (MDR) service tailored to Managed Service Providers (MSPs) and real-estate owners. Its Security Operations Team uses the company's proprietary software, SNAP-Defense, which is designed to detect intrusions early and enable real-time response via a patented live network map and lateral spread detection. The company recently launched MDR 4.0, described as the industry's first contextually aware MDR platform. Blackpoint was founded by former U.S. Department of Defense and intelligence cyber experts and is headquartered in Maryland. The company reports record expansion and is scaling its partner-focused business model. In conjunction with growth, it has strengthened its board with high-profile security leaders. Blackpoint Cyber develops the SNAP-Defense platform, a threat-hunting and response product that provides patented lateral spread detection and a Live Network Map for real-time asset visualization. SNAP-Defense emphasizes early detainment of compromised devices and surfaces universal threat behaviors such as network enumeration and lateral movement rather than relying on raw logs. Recent platform additions include a multi-tenant dashboard for MSSPs, an automated compliance module, and a NICOS module for securing smart building and industrial control systems. The company was founded by former DoD cyber operations experts and has built substantial IP, including a patented approach to immediate lateral movement detection and network mapping. Blackpoint announced a $6 million funding round and said the proceeds will accelerate sales and marketing to scale in U.S. and foreign markets. Matt Gora and Jay Buchanan from DLA Piper acted as counsel to Blackpoint on the transaction.

Total raised

$196M

Funding rounds

3

Latest round

Equity

Latest activity

Jun 2023