Rapid7, a Boston, MA-based provider of security risk intelligence solutions, has secured $50m in a Series C funding round from Technology Crossover Ventures (TCV).
The company intends to use the funding to hire people to accelerate product innovation (http://www.rapid7.com/careers/index.jsp), make strategic acquisitions and expand internationally.
Rapid7 is currently expanding its engineering teams in Los Angeles, CA and Austin, TX, as well as staffing a new innovation center at its headquarters in Boston. After opening its first international offices in London, UK, and in Hong Kong in third quarter of 2011, the company intends to continue to build its presence in the EMEA and Asia-Pacific markets.
In conjunction with the investment, Tim McAdam, TCV general partner, will join Rapid7’s board of directors.
Led by CEO Mike Tuchen, the company provides integrated vulnerability management and penetration testing products, Nexpose and Metasploit, which empower organizations to obtain accurate, actionable and contextual intelligence into their threat and risk posture. These solutions are being used by more than 1,700 enterprises and government agencies in more than 65 countries.
Rapid7 is also backed by Bain Capital Ventures.
FinSMEs
17/11/2011