Rapid7 Raises $150M in Series E

Rapid7 has successfully raised $150M in a Series E at a $1.3B valuation led by Technology Crossover Ventures.

Company Overview

Rapid7 is a Cybersecurity company headquartered in Boston, MA, founded in 2000 with 2000+ employees.

Security analytics and automation

Fundraising Details

• Amount Raised: $150M
• Round Type: Series E
• Valuation: $1.3B
• Date: 2024-08-01
• Investors: Technology Crossover Ventures

About Rapid7

Security analytics and automation The company is positioned in the Cybersecurity sector, serving a growing market with innovative solutions.

Key Information

• Headquarters: Boston, MA
• Founded: 2000
• Team Size: 2000+
• Industry: Cybersecurity

What This Means

This funding round demonstrates strong investor confidence in Rapid7's vision and execution. The capital will likely be used to:

• Scale Operations: Expand the team and operational capacity
• Product Development: Enhance existing products and develop new features
• Market Expansion: Enter new markets and strengthen presence in existing ones
• Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The Cybersecurity sector continues to attract significant investment as companies innovate to meet evolving market demands. Rapid7's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $1.3B valuation marks an important milestone for Rapid7, positioning the company among notable players in the Cybersecurity industry.

Looking Ahead

With this new capital, Rapid7 is well-positioned to execute on its growth strategy and continue building innovative solutions in the Cybersecurity space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2024-08-01. For more information about Rapid7, visit their headquarters at Boston, MA.