Bain Capital, through Bain Capital Tech Opportunities, and with participation from Accel, has made a $190 million growth investment in Blackpoint Cyber, a technology-focused cybersecurity company providing its security suite via managed service providers (MSPs).
Founded in 2014 by CEO Jon Murchison, a former National Security Agency computer operations professional, Blackpoint uses cyber experience and knowledge of cyber defense tactics to help MSPs safeguard their customers from cyber threats. The investment will be used to fund further development of Blackpoint’s security technology and enable its MSP partners to combat the threat landscape. Bain Capital Tech Opportunities and Accel join existing investors including Adelphi Capital Partners, Telecom Ventures, Pelican Ventures and WP Global Partners.
“Bain Capital Tech Opportunities and Accel bring deep experience in cybersecurity, a sophisticated understanding of the threat landscape, and the resources needed to propel our next phase of growth, and we are thrilled to partner with them and continue providing our MSP partners with an elite and ever-innovative cybersecurity ecosystem,” comments Jon Murchison, CEO and founder of Blackpoint Cyber.
William Blair acted as financial advisor to Bain Capital Tech Opportunities.