Boston-based cybersecurity firm Rapid7 has raised an additional $30 million from two of its investors.
The software company, whose software is designed to detect unauthorized intrusions into corporate networks and prevent hackers from stealing senstitive data, received a new cash infusion from Bain Capital and Technology Crossover Ventures, a California-based investor.
“Cyber security risks and challenges are increasing fast and customers are looking for leaders that can help them understand and address the threat,” said Ben Nye, a managing director at Bain Capital, in a statement. “As a result, the company is experiencing impressive growth and has a compelling future.”
Rapid7 was founded in 2000, and in 2011 raised $50 million in its series C funding round. Corey Thomas, the company’s chief executive, said it would use its latest investment to fund new software development and increase its market share.