Blackpoint Cyber

Blackpoint Cyber

Cybersecurity solutions for businesses and MSPs

About Blackpoint Cyber

Simplify's Rating
Why Blackpoint Cyber is rated
B-
Rated C on Competitive Edge
Rated B on Growth Potential
Rated B on Rating Differentiation

Industries

Cybersecurity

Company Size

51-200

Company Stage

Series C

Total Funding

$197.5M

Headquarters

Ellicott City, Maryland

Founded

2014

Overview

Blackpoint Cyber provides cybersecurity solutions designed to protect businesses from cyber threats. The company focuses on Managed Service Providers (MSPs) and their clients, offering a proprietary Managed Detection & Response (MDR) technology. This technology integrates network visualization, tradecraft detection, and endpoint security to identify and neutralize cyber threats early, effectively disrupting potential attacks faster than many competitors. In addition to the core MDR service, Blackpoint Cyber offers add-on services like Cloud Response for hybrid and cloud environments and Managed Application Control for easier management of application settings. The company generates revenue by selling its services to MSPs, allowing it to scale and serve a diverse range of businesses. The goal of Blackpoint Cyber is to provide comprehensive and proactive cybersecurity protection to help organizations defend against evolving cyber threats.

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Simplify's Take

What believers are saying

  • Growing demand for cybersecurity in remote work environments boosts Blackpoint Cyber's market potential.
  • Zero Trust security models align with Blackpoint Cyber's proactive protection approach.
  • Increased regulatory requirements drive demand for Blackpoint Cyber's comprehensive solutions.

What critics are saying

  • Increased competition from similar MDR solutions could erode Blackpoint Cyber's market share.
  • Rapid evolution of cyber threats may outpace Blackpoint Cyber's technology updates.
  • Dependence on MSPs means downturns in this market could impact Blackpoint Cyber's revenue.

What makes Blackpoint Cyber unique

  • Blackpoint Cyber's MDR technology disrupts hacker timelines, offering faster threat neutralization.
  • The company provides comprehensive security solutions tailored for Managed Service Providers (MSPs).
  • Blackpoint Cyber's integration with Microsoft enhances its endpoint security for SMBs.

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Funding

Total Funding

$197.5M

Above

Industry Average

Funded Over

3 Rounds

Notable Investors:
Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.
Series C Funding Comparison
Above Average

Industry standards

$50M
$50M
Medium
$62M
SeatGeek
$100M
Oura
$190M
Blackpoint Cyber

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

401(k) Retirement Plan

401(k) Company Match

Paid Vacation

Discretionary Time Off

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

4%
GlobeNewswire
Nov 19th, 2024
Blackpoint Cyber Recognized With Microsoft Verified Small And Medium Business (Smb) Solution Status

DENVER, Nov. 19, 2024 (GLOBE NEWSWIRE) -- Blackpoint Cyber today announced that it has achieved Microsoft Verified Small & Medium Business (SMB) solution status through the Microsoft Intelligent Security Association (MISA). Microsoft’s Verified SMB Solution status highlights the crucial role of partner collaboration in protecting small and medium businesses against increasing cyberattacks. By achieving this status, Blackpoint Cyber has demonstrated that its solution is purpose-built for the needs of managed service providers (MSPs) and their SMB customers and is tightly integrated with Microsoft security technology, including Microsoft Defender for Business. Microsoft Defender for Business brings comprehensive endpoint security to SMBs, available through Microsoft 365 Business Premium or as a standalone solution.Blackpoint Cyber provides cybersecurity solutions designed to protect MSPs and their customers. With a 24/7 Security Operations Center (SOC), Managed Detection and Response (MDR), and advanced tools like Identity Threat Detection and Cloud Response, Blackpoint delivers real-time threat hunting, swift incident response, and actionable insights

MSSP Alert
Oct 29th, 2024
MSSP Market Update: Blackpoint Cyber Launches New Partner Program for MSPs

Managed detection and response provider Blackpoint Cyber has launched a new partner program and enablement platform today for MSPs.

CityBiz
Sep 4th, 2024
Andy Burner and Dan Hill Join Blackpoint Cyber

Blackpoint Cyber, a leading provider of world-class cybersecurity solutions, is proud to announce the strategic expansion of its leadership team with the appointments of Andy Burner as Chief People Officer and Dan Hill as General Counsel.

GlobeNewswire
Aug 6th, 2024
Blackpoint Cyber Plants Roots in Downtown Denver with New Office Opening

Driven by a commitment to innovation and community growth, Blackpoint Cyber establishes a new presence in Denver, colorado.

GlobeNewswire
May 7th, 2024
Blackpoint Cyber Welcomes Manoj Srivastava As Chief Technology And Product Officer

ELLICOTT CITY, Md., May 07, 2024 (GLOBE NEWSWIRE) -- Blackpoint Cyber, the leader in providing Active Cybersecurity™ solutions to MSPs (Managed Service Providers) , today announced the appointment of Manoj Srivastava as Chief Technology and Product Officer (CTPO). In this role, Srivastava will lead Blackpoint Cyber’s proactive security strategy and long-term product vision resulting in a complete end-to-end managed service for prevention, detection, response and active remediation of attacks. ‘Accelerating time to value for our partners and the customers they protect is key,’ said Dewey Awad, Partner, Tech Opportunities at Bain Capital. “Fueling that acceleration and rapidly innovating our product strategy will enable growth and success for our partners. And that’s always been the Blackpoint mission.” “Manoj shaped the category creation of exposure management and influenced the innovative space with key analysts and influencers.” said Jon Murchison, CEO and Founder of Blackpoint Cyber. “There’s no better person for this role than Manoj, to help deliver a product strategy that focuses on truly protecting the businesses we serve and enabling growth for our partners.” Srivastava spent over 20 years in various executive and leadership positions, which give him a deep understanding of cybersecurity best practices, networking solutions and the needs of small to large enterprises

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