Boston business software firm Rapid7 LLC said today it has secured $7 million in funding from Bain Capital Ventures, the venture capital arm of Bain Capital, a global private investment firm headquartered in Boston.
“It is extremely rare to find a company that has doubled sales for each of the past four years despite the challenging economic environment," Ben Nye (left), managing director at Bain Capital Ventures, said in a statement. "Rapid7’s customers told us repeatedly that the company’s NeXpose solution uniquely addresses their need for far-reaching security assessments that quickly identify and expose IT risks that can have severe business consequences.”
Rapid7 said it will use the funds to broaden global sales channels, expand marketing and management teams, and further advance NeXpose.
(By Chris Reidy, Globe staff)