Blackpoint Cyber raises $190 mn led by Bain Capital

Blackpoint Cyber, a provider of cyber security solutions via managed service providers (MSPs), has received a $190 million growth investment led by Bain Capital Tech Opportunities, with participation from Accel.
VC funding for techBain Capital Tech Opportunities and Accel join existing investors including Adelphi Capital Partners, Telecom Ventures, Pelican Ventures and WP Global Partners.

Blackpoint Cyber will use the VC funding to fund development of Blackpoint’s security technology.

Blackpoint recently introduced its Managed Application Control solution to help MSPs ensure that only authorized applications are running on devices and reduce the risk of unauthorized activity or malware infiltration.

Blackpoint also launched the Blackpoint University learning platform in 2023 to provide MSPs with access to sales and technical cybersecurity training and lessons from leaders in the military, intelligence, and business communities.

Bain Capital has invested in a number of software companies such as InAuth (acquired by American Express), Rapid 7, Check Point, Barracuda Networks, SolarWinds, (acquired by Palo Alto Networks), Blue Coat (acquired by NortonLifeLock), ExtraHop, and BioCatch.