Security Risk Intelligence Company Rapid7 Raises $50 Million

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.