Howard County–based Blackpoint Cyber raises $6M - Technical.ly Baltimore

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May 29, 2018 10:38 am

Howard County–based Blackpoint Cyber raises $6M

Adelphi Capital and Telcom Ventures led the round. The company is looking to expand sales and marketing.
Blackpoint Cyber is looking to expand sales and marketing.

Blackpoint Cyber is looking to expand sales and marketing.

(Photo courtesy PRNewsfoto/Blackpoint Cyber)

This story was updated at 11:30 a.m. on 5/29/18.

Blackpoint Cyber announced $6 million in new funding on Tuesday.

The investment round for the Howard County company was led by Adelphi Capital and Telcom Ventures, with participation by the Maryland Venture Fund.

Founded by Jon Murchison, Blackpoint makes a platform called SNAP-Defense, which provides a map of a network and devices. According to the company, the platform detects potential threats and provides alerts. It also allows an analyst to “detain” the device which is targeted with one click, effectively knocking it offline to stop a potential attack from spreading.

“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 visualization,” Tom Donohue Jr., the President of Adelphi, said in a statement.

Earlier in 2018, the company released a feature allowing Managed Security Service Providers to use the platform for multiple clients, and separately launched a module for securing Internet of Things devices.

Currently operating with a team of 12 people, the company plans to use the funding to expand sales and marketing efforts so it can expand in the U.S. and international markets, according to a news release.

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