Participated · Equity · Jun 2023

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.

Participated · Equity · Jun 2023

Blackpoint Cyber provides a nation-state‑grade cybersecurity ecosystem delivered to managed service providers (MSPs), centered on its managed detection and response (MDR) technology and a 24/7 Security Operations Center that investigates and neutralizes threats in real time. The company’s SOC takes action on behalf of MSPs to reduce alert fatigue and false positives rather than merely issuing alerts. Blackpoint has added products such as Managed Application Control to ensure only authorized applications run on devices. In 2023 it launched Blackpoint University to deliver sales and technical cybersecurity training for MSPs. The business says it is committed to adding additional products and simplifying the security stack for MSP partners as they take on a larger role in cybersecurity. The company was founded by CEO Jon Murchison, a former NSA computer operations expert, and emphasizes real‑world cyber defense experience in its product development. Blackpoint provides a cybersecurity platform called SNAP-Defense that detects lateral spread and offers real-time network visualization to identify and detain threats early in a breach. SNAP-Defense's Live Network Map gives accurate, real-time visualization of every asset and focuses on universal threat behaviors such as network enumeration, lateral movement, and system administration tradecraft. The platform is designed to let customers reduce their product stack while detecting threats before they can spread. Recent product enhancements include a multi-tenant dashboard for MSSPs, an automated compliance module, and a Networked Industrial Control Operations System (NICOS) module for securing smart building systems, industrial control systems, and operations technology including factory and logistics control systems. The company intends to use new funding to accelerate sales and marketing and to scale in U.S. and foreign markets. Blackpoint is led by founder and CEO Jon Murchison and is based in Ellicott City, Maryland.

Led · Series E · Nov 2020

AliveCor is a Mountain View, California-based provider of FDA-cleared personal electrocardiogram (ECG) technology solutions led by CEO Priya Abani. Its core consumer hardware includes the clinically validated KardiaMobile device and the multi-lead KardiaMobile 6L, which detects atrial fibrillation, bradycardia, tachycardia and various ECG rhythms. The company offers the Kardia AI-enabled platform to assist patients and clinicians in the efficient detection of atrial fibrillation. For enterprise customers AliveCor provides an enterprise platform including KardiaComplete for payors, employers, and health systems enabling front-end and back-end integration. AliveCor also operates a digital health subscription, KardiaCare, with more than 130,000 members offering advanced features to understand and manage heart health. The company intends to use new funding to expand its development efforts. AliveCor, based in Mountain View, CA and led by CEO Priya Abani, develops AI-based personal ECG technology and enterprise cardiology solutions. Its FDA-cleared KardiaMobile device is a clinically validated personal ECG that provides instant detection of atrial fibrillation, bradycardia, tachycardia, and normal heart rhythm. The company’s enterprise platform enables third-party providers to manage patients’ heart conditions with front-end and back-end integration to AliveCor technologies. To date, AliveCor’s products have served more than one million customers and recorded over 85 million ECGs. The company says it will use recent funding to accelerate growth of its remote cardiology platform domestically and around the world. Kardia aids patients and clinicians in the early detection of atrial fibrillation, a common arrhythmia associated with elevated stroke risk. AliveCor develops single- and six-lead smartphone ECG devices and AI-based interpretation software for consumer and point-of-care use. Its latest hardware, KardiaMobile 6L, launched in June and captures six perspectives by adding a third contact point. The company also secured FDA clearance for KardiaAI, an update for KardiaMobile and KardiaStation. AliveCor recently disclosed a new $5.78M infusion of capital and has a prior $30M round from 2017 led by Mayo Clinic and Omron Healthcare. Management has not announced how the new funds will be allocated. The business faces competition from entrants such as the Apple Watch’s ECG feature and has previously discontinued its KardiaBand for Apple Watch. AliveCor develops AI-enabled solutions to improve cardiac care, notably KardiaMobile and KardiaBand. KardiaMobile is an FDA-cleared product that instantly detects atrial fibrillation and normal sinus rhythm and is used worldwide for accurate ECG recordings. Paired with the Kardia app, KardiaMobile and KardiaBand provide instant analysis for detecting atrial fibrillation and normal sinus rhythm. Kardia is an AI-enabled platform for clinicians to manage patients for early detection of atrial fibrillation. The company said it will use new capital to support growth as well as research and development efforts. AliveCor is a Mountain View, California-based provider of FDA-cleared mobile electrocardiogram technology. Led by CEO Vic Gundotra, the company has launched Kardia Pro, an artificial intelligence-enabled platform that helps doctors monitor patients for early detection of atrial fibrillation. Kardia Pro tracks physiology measures such as weight, activity and blood pressure and creates a personal heart profile for each user, enabling user identification. AliveCor raised $30M in a Series D funding round led by Omron Healthcare, with participation from Mayo Clinic and existing inside investors. The company will use the capital to accelerate innovations in heart health and to continue expansion of the business. Its technology focuses on early detection of atrial fibrillation, the most common cardiac arrhythmia that increases stroke risk.

Led · Series C · Sep 2019

Ginger delivers on-demand mental healthcare through an app offering unlimited self-guided care, 24/7 behavioral health coaching, and video therapy and psychiatry, supported by a proprietary Care Hub EMR. The company has published peer-reviewed studies in JMIR demonstrating reductions in anxiety and depression among employer populations. Over 10 million people have access to Ginger through partnerships with more than 500 employers, strategic partners, and 30 integrated health systems and health plans. Ginger reported approximately 3x revenue growth over the past year and total funding now exceeds $220 million. The company has introduced a value-based pricing model covering coaching, self-guided care, and a set number of therapy and psychiatry sessions; nearly 60% of new clients adopted this option in the last 12 months. Ginger plans to use the new funding to expand value-based offerings with multinational employers and health plans, extend reach into underserved populations via government payer relationships and nonprofits, and continue acquiring technologies and clinical services. Ginger provides on-demand mental healthcare through a care coordinator model that connects members with trained behavioral health coaches and escalates to specialists, therapy, or psychiatry for more serious conditions. The service is delivered primarily through employer-operated health insurance plans and in-network relationships with regional and national health plans such as Optum Behavioral Health, Anthem California and Aetna Resources for Living. Ginger charges companies on a per-employee, per-month basis and counts more than 200 corporate customers, including Delta Air Lines, Sanofi, Chegg, Domino’s, SurveyMonkey and Sephora. The company began as an MIT research spinout in 2011, launched on-demand care in 2016, and reports tens of thousands of active users and coverage to hundreds of thousands of employees via benefit plans. Future plans described by management include expanding partner ecosystems (including Cigna), pursuing government payers, potential direct-to-consumer offerings, and investing in automation, natural language processing and machine learning to personalize care. Ginger provides employers and healthcare partners an app-based, text-first mental health coaching service that offers immediate 24/7 responses and escalations to video therapy and psychiatry. The platform guarantees clinician time within 72 hours and reports that about 8% of users are escalated to video-based licensed clinicians. More than 200,000 people can access Ginger through employer plans, and the company is active in 25 countries including the U.K., Japan, Australia, Canada and India. Customers include CBS, Netflix, Pinterest, Sephora, Twilio, Yelp and BuzzFeed. Ginger reports that 70% of members surveyed who used the service saw a significant reduction in depression symptoms within 12 weeks. The company plans to invest the new capital to expand its data science, broaden clinical programs, grow internationally and move beyond the employer channel into health-plan distribution. Ginger.io builds behavioral health analytics tools and partners with medical institutions to integrate those analytics into care. The company works with hospitals and research centers including UCSF, Massachusetts General Hospital, Brigham and Women’s Hospital, McLean Hospital, Duke University, UC Davis and the University of Nebraska Medical Center. According to an SEC filing, Ginger.io added $20 million in Series B funding, bringing total capital raised to $28.2 million. The filing also notes Kaiser Permanente Ventures partner Dave Schulte was added to Ginger.io’s board, which the filing says usually implies the new investor led the round. Kaiser is already a partner of the startup, and the strengthened strategic relationship could help Ginger.io become more widely used in hospitals. Earlier investors named in the article include Romulus Capital, Khosla Ventures and True Ventures, and the company recently launched a grant-funded program to help low-income people suffering from depression in Utah. Ginger.io uses patients' smartphones to identify changes in behavior that may signal worsening chronic conditions, describing its service as a “check‑engine light” for healthcare. The platform is aimed at enabling hospitals to monitor patients between visits and proactively reach out to those showing warning signs. It targets monitoring for conditions such as diabetes, depression, and cardiovascular disease. Ginger.io emerged from CEO Amnol Madan's work at the MIT Media Lab and was incubated at TechStars; co‑founder Karan Singh is also a company founder. Current customers include Cincinnati Children’s Hospital’s Chronic Collaborative Care Network and the Carolinas‑based hospital system Novant. Financially, the company has raised a $6.5M Series A and has now raised a total of $8.2M.

Participated · Equity · Feb 2019

SmartSky Networks, formed in 2011 and led by CEO Haynes Griffin, operates an air-to-ground inflight internet service. Its core product, SmartSky 4G LTE, uses patented spectrum reuse, advanced beamforming technologies and 60 MHz of spectrum to deliver a low-latency, bidirectional data link. The network is designed to enable in-flight productivity comparable to ground experiences and to support new apps, services, and hardware that will digitize the aviation industry. SmartSky is in the process of rolling out a nationwide air-to-ground network; the inflight connectivity service is slated to be commercially available later this year. The company has raised almost $350M to date and recently closed a new financing. Proceeds from the latest round will be used to continue the ongoing network rollout. SmartSky Networks develops SmartSky 4G LTE, an air-to-ground broadband high-speed wireless data network dedicated to providing airborne internet connectivity. The company is working with aerospace and technology partners to roll out its SmartSky 4G LTE network. It plans to deploy a nationwide network and was preparing to roll out the service later that year. SmartSky has raised approximately a quarter of a billion dollars in equity capital to date. The company is led by Chairman and CEO Haynes Griffin. SmartSky was formed in 2011 and is based in Charlotte, N.C. SmartSky Networks, founded in 2011 and headquartered in Charlotte, N.C., is developing the first 4G-LTE based air-to-ground communications network in the U.S. to deliver next-generation in-flight connectivity. The company plans a beta launch of its SmartSky 4G network in late 2015 and a rollout of nationwide commercial service beginning in 2016. SmartSky intends to use proceeds from the financing to conduct an end-to-end system demonstration on a multi-site network and to commence network deployment activities ahead of the commercial rollout. Leadership includes Chairman and CEO Haynes Griffin and a team of senior aviation and telecommunications executives. The company is working with leading aerospace and technology partners as it builds its network. No operating metrics (revenue/users) are disclosed in the article.