Bain Capital Tech Opportunities led a $190 million investment in Blackpoint Cyber, an Ellicott City, MD-based tech-focused cybersecurity company. Along with Bain, venture capital firm Accel joined existing investors Adelphi Capital Partners, Telecom Ventures, Pelican Ventures and WP Global Partners. 

Founded in 2014 and led by CEO Jon Murchison, former National Security Agency computer operations expert, the firm claims its Managed Detection and Response (MDR) technology quickly detects and isolates threats at the earliest sign of a breach. 

“The MSP (managed service providers) market is growing fast, and we are matching that growth by scaling and innovating new cybersecurity solutions,” said Murchison. “Cyber-attacks are becoming more sophisticated and advanced, forcing MSPs to rapidly adapt to protect their customers and infrastructure. 

Bain Capital has invested heavily across the cybersecurity sector, including early-stage to mature software companies like InAuth (acquired by American Express), Rapid 7, Check Point, Barracuda Networks, SolarWinds, Evident.io (acquired by Palo Alto Networks), Blue Coat (acquired by NortonLifeLock), ExtraHop, and BioCatch. 

Don’t miss the Connect Money: Alternative Assets Conference on June 14 in Chicago at the W City Center. Meet private credit experts like Igor DaCosta, Managing Partner, Portfolio Advisors.