Happy Monday, Baltimore. We hope you're having a solid start to your week after a great weekend. And if you celebrated Baltimore Pride, we hope you didn't get too rained on nor too dehydrated in the heat.
Below, you'll see a new story about Ellicott City-based cybersecurity company Blackpoint Cyber's exit from TEDCO's portfolio. While TEDCO wouldn't tell us the amount made back on the exit, it marks another major move for the cybersecurity company soon after it raised a $190 million Series C earlier this month.
This development also evokes a potential trend we've been seeing at Technical.ly, involving a number of Maryland companies — including some closer to Baltimore than DC — posting multimillion-dollar raises. You'll likely see some stories about these companies in the coming weeks, as June becomes July and the numbers solidify.
As we keep reporting these stories, we're curious if you're seeing anything similar from your own perches in the startup and tech ecosystem. Are you an investor with a massive raise or deal in your portfolio? A founder preparing for one? Let us know by emailing baltimore@technical.ly, and happy raising.
