Cybersecurity Firm Rapid7 Files For $80 Million IPO

July 5, 2015
Boston-based cybersecurity firm Rapid7 announced its plans to go public in an SEC filing on Thursday, confirming rumors that the company was one of several security firms with IPO plans this year. The company is seeking to raise $80 million in the IPO, according to the filing.

Founded in 2000, Rapid7 uses data analytics to reduce security threats and detect system intrusions. The company has received $90 million in funding from investors including Bain Capital and Technology Crossover Ventures. Most recently in December 2014, the company received $30 million in equity funding to expand its business. The company now has 3,900 customers in over 90 countries, including 30% of Fortune 1000 companies.
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