Rapid7, a company that develops security risk intelligence products, has raised $50 million in a series C funding from Technology Crossover Ventures (TCV). This brings the company’s total funding to $60 million.
Rapid7 provides the enterprise with an offering that identifies any security risks in a company’s IT infrastructure, and prioritize their remediation based on the probability of an attack. Nexpose, the company’s flagship product, scans for security risks across entire IT environments, including Web, network, applications and databases.
The company, which has 1,700 customers, says that revenue has increased more than 900% over the past four years and reported its tenth quarter of record revenue in Q3 2011.
The new funding will be used towards hiring, product development, strategic acquisitions and international expansion.
Rapid7 is the leading provider of security risk intelligence solutions. Rapid7’s integrated vulnerability management and penetration testing products, Nexpose and Metasploit, empower organizations to obtain accurate, actionable and contextual intelligence into their threat and risk posture. Rapid7’s solutions are being used by more than 1,700 enterprises and government agencies in more than 65 countries, while the Company’s free products are downloaded more than one million times per year and enhanced further by over 125,000 security community users and contributors....