TEDCO exits Ellicott City’s Blackpoint Cyber

TEDCO, Maryland’s state-created investor for technology companies, has bid farewell to a cybersecurity firm from its portfolio.

On Thursday, the funder announced the successful exit of Ellicott City-based Blackpoint Cyber. This exit came nearly five years after TEDCO’s Seed Funds provided an initial investment of $200,000 in 2018 to support the growth and development of the cybersecurity company. Blackpoint Cyber raised a $7 million Series B two years later, as well as a $190 million Series C with Bain Capital’s support earlier this year.