+141%

est. 2Y upside i

CybersecuritySeries C

Rank

#185

Sector

Cybersecurity

Est. Liquidity

~4Y

Data Quality

Data: Low

Blackpoint Cyber presents a high-growth opportunity in a large TAM, but the lack of a current valuation mark and significant preference overhang add risk.

Last updated: July 19, 2026

Bull (30%)+212%

Market embraces MDR focus, IPO window opens, multiple expands to 18x, yielding 212% upside after 20% dilution.

Base (55%)+134%

Multiple converges to 13.5x, revenue grows to $130M, resulting in 134% upside after dilution.

Bear (15%)+22%

Competition compresses multiple to 7x, revenue growth slows, only 22% upside after dilution.

Est. time to liquidity~4.0 years

Preference Stack Risk

high

Funding Intensity

3567%

Total funding $214M represents ~36% of estimated valuation, creating significant preference overhang.

Dilution Risk

high

Company likely to raise additional capital within 2 years given burn rate, diluting existing equity by ~20%.

Secondary Liquidity

none

No secondary market activity observed; liquidity likely only via acquisition or IPO.

Questions to Ask at the Interview

Strategic questions based on Blackpoint's data — designed to show you've done your homework.

  • 1

    “How does Blackpoint differentiate from CrowdStrike and SentinelOne in the MDR space?”

  • 2

    “What is the company's path to profitability given high growth investments?”

  • 3

    “How does the equity structure work—are there liquidity events anticipated within 2-3 years?”

Community

Valuation Sentiment

Our model estimates +141% upside. What do you think?

Anonymous. Do not share material non-public information.

Community Discussion

Comments are reviewed before they appear publicly.

0/2000

Loading comments...

Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.