# Blackpoint Cyber HQ

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/blackpoint-cyber-hq

- Industry: IT Security/Cybersecurity
- Headquarters: Ellicott City, US
- Website: www.blackpointcyber.com
- Total disclosed funding: $190M
- Latest round: Series C (Jun 8, 2023)
- Investors on record: 6

## About

Based in Maryland, Blackpoint Cyber focuses on enhancing cybersecurity through advanced solutions, including its integrated CompassOne platform, which offers Managed Detection and Response services among other key features.Founded in 2014 and headquartered in Ellicott City, Maryland, Blackpoint Cyber specializes in cybersecurity solutions. The company has completed 7 deals, with its most recent funding round being a Series C in June 2023, which raised USD 190.00 mn led by Bain Capital and included investors like Accel and others. Jon Murchison is the founder and current CEO.Blackpoint Cyber specializes in cybersecurity solutions, primarily through its flagship product, the CompassOne Unified Security Posture and Response Platform. This platform integrates core functionalities, including Managed Detection and Response (MDR), which offers 24/7 monitoring and rapid threat detection through contextual intelligence and AI-enhanced alerts. Additional services include Asset Inventory for visibility of the attack surface, Vulnerability Management for prioritizing vulnerabilities, and Cloud Posture for monitoring cloud security practices. The company serves Managed Service Providers (MSPs) and enterprises seeking to enhance their cybersecurity operations.Blackpoint Cyber generates revenue through a subscription model for its cybersecurity services, including the CompassOne platform, Managed EDR, and Cloud MDR. Transactions are primarily B2B, with MSPs subscribing to the platform to utilize its capabilities for their clients. The pricing is tiered based on services and client scale, facilitating predictable revenue through annual or multi-year contracts.In June 2023, Blackpoint Holdings, LLC secured USD 190.00 mn in Series C funding, led by Bain Capital, to expand its product offerings and increase market scale. The company plans to hire more employees and further develop its cybersecurity technology, enabling its MSP partners. This funding will support the launch of new products aimed at enhancing the CompassOne platform and expanding into additional geographic markets in North America, Europe, and Asia-Pacific by the end of 2024.

## Funding rounds

- Series C, Jun 8, 2023, $190M — Accel, Bain Capital, WP Global Partners, Telcom Ventures, Adelphi Ventures, Pelican Ventures Group

## Investors

- Accel (https://capitalatlas.ai/funds/accel) — Series C
- Bain Capital (https://capitalatlas.ai/funds/bain-capital) — Series C
- WP Global Partners — Series C
- Telcom Ventures — Series C
- Adelphi Ventures (https://capitalatlas.ai/funds/adelphi-ventures) — Series C
- Pelican Ventures Group (https://capitalatlas.ai/funds/pelican-ventures-group) — Series C