Cybersecurity company Blackpoint lands $6M

Blackpoint, a cybersecurity company offering spread detection and network visualisation, has closed a $6m round of funding.

The funding was led by Adelphi Capital and Telcom Ventures with additional participation by Maryland Venture Fund.

Founded by former DoD cyber operations experts, Blackpoint’s cyber security platform, SNAP-Defense, provides threat hunting and response. It offers customers the opportunity to reduce their product stack, saving them time and money, and the ability to detain cyber threats extremely early in a breach.

The SNAP-Defense platform was developed to specifically reduce the number of tools and amount of experience required to operate breach detection and response operations. Its Live Network Map enables users to have a visualisation of every asset in their network. The platform then focuses on universal threat behaviour, delivering those behaviors to a users’ desktop.

“At Adelphi Capital, we pride ourselves on fully supporting the companies that we invest in. We were attracted to Blackpoint because they meet our criteria of having an innovative and effective product that solves some of the largest problems in cyber today – having too many products that are not integrated and do not provide complete asset visualisation,” said Tom Donohue Jr, the president of Adelphi. “Jon Murchison (CEO) and his team have built an amazing product and we look forward to growing with them as they expand their sales and marketing efforts.”

SNAP-Defense also automatically generates dynamically updated compliance reports for users, which it claims ‘greatly simplifies’ the compliance and regulation portion of doing business and allowing you to focus on other areas that need attention. With new capital in the bank Blackpoint said its plans to accelerate its sales and marketing efforts, enabling the company to scale in US and foreign markets.

Copyright © 2018 RegTech Analyst

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