Cybersecurity company Blackpoint Cyber this week announced that it has raised $190 million in a growth funding round led by Bain Capital Tech Opportunities.
Accel also participated in Blackpoint’s third investment round, which has brought the total raised by the company to just over $200 million.
Founded in 2014, Blackpoint provides an advanced security suite via managed service providers (MSPs), helping them keep customers safe.
According to Blackpoint, its Managed Detection and Response (MDR) technology can identify and isolate threats at the early stages of a breach.
Additionally, the company continuously investigates suspicious activity via its Security Operations Center (SOC), to ensure that threats are neutralized in real-time.
Blackpoint says it will use the new funding to continue the development of its security solutions.
Hot on the heels of the recently introduced Managed Application Control and Blackpoint University learning platform, the company plans to add new products to its platform and to simplify the security stack for MSPs.
“The MSP market is growing fast, and we are matching that growth by scaling and innovating new cybersecurity solutions. Cyber-attacks are becoming more sophisticated and advanced, forcing MSPs to rapidly adapt to protect their customers and infrastructure,” Blackpoint Cyber CEO and founder Jon Murchison said.