Cyber Security Company Closes $6 Million in Funding

Blackpoint, a cyber security company offering patented lateral spread detection and network visualization, secured a $6 million round of funding led by Adelphi Capital and Telcom Ventures with additional participation by Maryland Venture Fund.

Blackpoint’s cyber security platform, SNAP-Defense, offers customers the opportunity to reduce their product stack and the ability to detain cyber threats before they can spread. SNAP’s Live Network Map is designed to provide users an accurate, real-time visualization of every asset in their network and focuses on network enumeration, lateral movement, and system administration tradecraft. Rather than dumping data into pools of logs, SNAP strives to deliver those behaviors to users’ desktops with relevant information for an assessment, and if warranted, a one-click detainment of the contaminated device.

The company plans to use this funding to accelerate its sales and marketing efforts and scale in U.S. and foreign markets.