|Rapid7 sold a total of $31.16 million in a non-brokered equity investment round. The transaction which started a little over a week ago, garnered the support of seventeen investors. It appears to be the first time the company is filling a security offering under a registration exemption.|
|Rapid7 develops and markets IT security data and analytic solutions that collect, contextualize and analyze the security data needed to reduce threat exposure and detect compromise. The company offers advanced capabilities for vulnerability management, penetration testing, controls assessment, incident detection and investigation across assets and users for virtual, mobile, private and public cloud networks. Investors include Bain Capital Ventures, Technology Crossover Ventures|
|The company, headquartered in Boston MA, is led by Corey E Thomas (CEO). Rapid7 elected to keep its revenues undisclosed.
The executive team includes Lee Weiner, Michael McKee, Richard Moseley and Steven Gatoff.
The board of directors includes Alan Matthews, Ben Holzman, Ben Nye, Chris Young, Jack Sweeney, Michael Berry and Tim McAdam.
The company reported in the past issuing an estimated $2.08 million worth of securities in conjunction with an M&A transaction.
Industry: Other Technology
Amount offered: $31.16 million
Amount placed: $31.04 million
SEC filing: Source
First sale: 12-09-2014
Data as of: 12-16-2014