-27%

est. 2Y upside i

CybersecuritySeries C

Rank

#937

Sector

Cybersecurity

Est. Liquidity

~3Y

Data Quality

Data: Low

Blackpoint Cyber presents a strong upside opportunity, driven by its proprietary MDR technology, recent expansion into unified security posture with CompassOne, and substantial Series C funding.

Last updated: March 10, 2026

Bull (25%)+200%

Strong execution on the CompassOne platform and successful expansion into the compliance market drives revenue to $225M by 2028. This growth, coupled with sustained high SaaS metrics, justifies a $2.25B valuation (3x current estimated valuation), reflecting significant market leadership in the MSP cybersecurity space.

Base (40%)+140%

Blackpoint Cyber maintains its strong position within the MSP cybersecurity market, with CompassOne achieving moderate adoption. Revenue grows steadily to $120M by 2028, leading to an estimated $1.8B valuation, consistent with its current multiple and market share.

Bear (35%)-47%

Increased competitive pressure from incumbents like CrowdStrike and Fortinet, combined with slower-than-expected adoption of CompassOne, limits growth. Revenue stalls at $70M by 2028, and a valuation compression to $400M results in a substantial loss of common stock value due to the $214M liquidation preference.

Est. time to liquidity~3.0 years

Preference Stack Risk

high

Investors hold $214M in liquidation preferences ahead of common shareholders. In an exit at or below $214M, common stock would receive nothing. At the estimated $750M valuation, common shareholders would receive $536M.

Dilution Risk

moderate

As a Series C company, further funding rounds are likely before a liquidity event, which could lead to additional dilution for existing equity holders.

Secondary Liquidity

limited

While private market platforms exist, active secondary trading for Blackpoint Cyber equity is likely limited at this stage.

Questions to Ask at the Interview

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

  • 1

    “How does the CompassOne platform specifically differentiate Blackpoint Cyber from the broader security offerings of incumbents like CrowdStrike or Fortinet, especially as these larger players increasingly target the MSP market?”

  • 2

    “With estimated revenue around $50M-$100M+ and a large TAM, what are the key strategies for accelerating growth beyond the core MSP channel, or for deepening penetration and increasing ARPU within it?”

  • 3

    “Given the recent CEO transition and significant Series C funding, what is the anticipated timeline and strategy for a liquidity event (e.g., IPO or acquisition), and how does the company plan to manage employee equity value leading up to that?”

Community

Valuation Sentiment

Our model estimates -27% upside. What do you think?

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