Rapid7, Inc.

Rapid7, Inc.
TypePublic
Nasdaq: RPD
ISINUS7534221046
IndustryCybersecurity
IncorporatedBoston, Massachusetts
FoundedJuly 2000 (2000-07) in Boston, Massachusetts, U.S.
Founder
  • Alan Matthews
  • Tas Giakouminakis
  • Chad Loder
Headquarters120 Causeway Street,
Boston, Massachusetts
,
United States
Area served
Worldwide
Key people
RevenueIncrease US$859.8 million[1] (2025)
Increase US$11.6 million[1] (2025)
Increase US$23.4 million[1] (2025)
Total assetsIncrease US$1.73 billion[1] (2025)
Total equityIncrease US$154.7 million[1] (2025)
Number of employees
2,613[1] (2025)
Websiterapid7.com

Rapid7, Inc. is an American cybersecurity software company headquartered in Boston, Massachusetts.[2][3]

History

Rapid7 was founded in July 2000 in Boston, Massachusetts by Alan Matthews, Tas Giakouminakis, and Chad Loder to develop vulnerability assessment and network security software. Its first software was a vulnerability scanner NeXpose. In September 2008, Rapid7 received its first institutional funding, a $7 million investment from Bain Capital Ventures, and appointed former Microsoft executive Mike Tuchen as president and chief operating officer.[4] In October 2009, Rapid7 acquired the open-source penetration testing framework Metasploit from researcher H. D. Moore for an undisclosed amount.[5]

In November 2011, Rapid7 raised $50 million in a Series C funding round led by Technology Crossover Ventures.[6] In October 2012, Rapid7 acquired mobile device security firm Mobilisafe.[7][8][9] In December 2014, Bain Capital Ventures and TCV invested an additional $30 million in the company.[10]

Rapid7 became a public company on July 17, 2015, listing on the Nasdaq and raised $103 million in net proceeds.[11] In May 2015, the company acquired application security firm NTObjectives.[12] In October 2015, Rapid7 acquired Irish log management firm Logentries for approximately $68 million in cash and stock.[13]

In November 2017, Rapid7 announced plans to consolidate its Boston and Cambridge offices into a new 147,000-square-foot global headquarters at The Hub on Causeway, adjacent to TD Garden. The move was completed in 2019.[14] In April 2019, the company acquired Irish network monitoring company NetFort.[15] In April 2020, Rapid7 acquired cloud security posture management firm DivvyCloud for $145 million.[16][17]

In February 2021, Rapid7 acquired Kubernetes security firm Alcide.io for $50 million.[18][19] In April 2021, it acquired the open-source digital forensics and incident response project Velociraptor.[20] In July 2021, Rapid7 acquired Israeli threat intelligence firm IntSights Cyber Intelligence for $335 million in cash and stock.[20]

In April 2022, Rapid7 established a cybersecurity foundation.[21] In March 2023, Rapid7 acquired Israeli anti-ransomware firm Minerva Labs for $38 million in cash and stock. In August 2023, Rapid7 laid off about 18 percent of its workforce, or more than 470 employees.[22][23]

In July 2024, Rapid7 acquired cyber asset attack surface management firm Noetic Cyber for approximately $51.2 million. Around the same time, Jana Partners disclosed a stake in Rapid7 and urged the board to pursue a sale.[24] The activist investor later increased its economic interest to about 13 percent and worked with Cannae Holdings to push for governance changes. In 2025, Rapid7 reached a settlement with Jana Partners that added three directors to its board, including former Forescout CEO Wael Mohamed.[25][26]

In March 2026, Rapid7 acquired San Francisco-based agentic AI security platform Kenzo Security. On June 1, 2026, Wael Mohamed was appointed chief executive officer, succeeding Corey Thomas.[27] Thomas became executive chairman of the board.[28]

References

  1. 1 2 3 4 5 6 "2025 Annual Report". U.S. Securities and Exchange Commission. February 19, 2026. Retrieved July 15, 2026.
  2. ↑ Soroff, Jonathan (September 19, 2023). "No, This Cybersecurity CEO Won't Tell You His Mother's Maiden Name". Boston.
  3. ↑ Meghna Chakrabarti, Adam Asher (September 12, 2016). "Boston Emerges As Cybersecurity Hub". WBUR.
  4. ↑ Staff, S. C. (November 11, 2008). "Rapid7 secures $7 million from Bain Capital Ventures". SC Media.
  5. ↑ Prince, Brian (October 21, 2009). "Rapid7 Acquires Metasploit to Improve Security Testing". EWeek.
  6. ↑ Denne, Scott (November 17, 2011). "Rapid7 Zips Along With $50M For Finding Security Holes". The Wall Street Journal.
  7. ↑ Cook, John (October 9, 2012). "Mobile security startup Mobilisafe acquired by Rapid7".
  8. ↑ Finkle, Jim (October 9, 2012). "Privately held Rapid7 acquires Mobilisafe". Reuters.
  9. ↑ Perez, Sarah (October 9, 2012). "Days Before Closing Its $5M Series B, Mobile Security Startup Mobilisafe Acquired By Rapid7".
  10. ↑ Hammond, Jack (December 18, 2014). "Bain, TCV invest $30m in Rapid7 for security analytics solutions".
  11. ↑ "Boston Tech Leaders: Corey Thomas, Rapid7". The Boston Globe.
  12. ↑ Lennon, Mike (May 4, 2015). "Rapid7 Acquires AppSec Firm NT OBJECTives".
  13. ↑ Taylor, Charlie (October 14, 2015). "UCD spin-out firm Logentries acquired by Rapid7 for $68m". The Irish Times.
  14. ↑ Pressman, Aaron (August 8, 2023). "Rapid7 layoffs is set to near 470 employees amid takeover rumors" – via The Boston Globe.
  15. ↑ Taylor, Charlie (April 2, 2019). "Galway tech company NetFort acquired by Rapid7". The Irish Times.
  16. ↑ Bray, Hiawatha (April 28, 2020). "Rapid7 buys cloud security firm" – via The Boston Globe.
  17. ↑ Miller, Ron (April 28, 2020). "Rapid7 is acquiring DivvyCloud for $145M to beef up cloud security".
  18. ↑ Bray, Hiawatha (February 1, 2021). "Rapid7 acquires an Israeli cybersecurity firm for $50m" – via The Boston Globe.
  19. ↑ Miller, Ron (February 1, 2021). "Rapid7 acquires Kubernetes security startup Alcide for $50M".
  20. 1 2 Verma, Pranshu (July 19, 2021). "Rapid7 acquires Israel-founded cybersecurity firm for $335 million" – via The Boston Globe.
  21. ↑ Bray, Hiawatha (April 6, 2022). "Rapid7 launches cybersecurity foundation to support training, tools" – via The Boston Globe.
  22. ↑ Page, Carly (August 9, 2023). "Cybersecurity giant Rapid7 announces sweeping layoffs as losses mount". TechCrunch.
  23. ↑ Petruccelli, Samuele (August 8, 2023). "Boston cybersecurity company Rapid7 to lay off 470 workers". Boston Business Journal.
  24. ↑ Herbst-Bayliss, Svea (June 26, 2024). "Activist investor Jana pushes Rapid7 to consider a sale". Reuters.
  25. ↑ Aloe, Jess (March 24, 2025). "Rapid7 expands board under new settlement with activist investor". Boston Business Journal.
  26. ↑ Herbst-Bayliss, Svea (March 24, 2025). "Rapid7 adds three new board directors in settlement with Jana Partners". Reuters.
  27. ↑ Rubin, Anjelica; Maffei, Lucia (June 3, 2026). "Rapid7 CEO who championed Tampa exits, board member takes helm". Tampa Bay Business Journal.
  28. ↑ Pressman, Aaron (June 1, 2026). "Rapid7 replaces CEO Corey Thomas with seasoned tech executive" – via The Boston Globe.
This page is issued from Wikipedia. The text is available under Creative Commons Attribution-Share Alike 4.0 unless otherwise noted. Additional terms may apply for the media files.