Rapid7 Buys Jen Andre’s Startup, Komand, to Automate Security Tasks
Summary
An earlier version of this story pegged the total compensation package at roughly $50 million, based on an Xconomy source’s knowledge.—Eds.] Those backers include Hack Secure—a cybersecurity investment syndicate managed by the venture firm Accomplice—and Stone Hammer Capital, according to Komand’s website. When asked why Komand decided to sell this early, Andre says the company had “a lot of options” to raise additional capital, but the Rapid7 acquisition was the most attractive offer. The idea is to make security teams more efficient so they can focus on quickly and effectively responding to cyber threats, while also freeing them up to spend more time on strategy and other big-picture activities. In recent years, the company has added more capabilities in data analytics, attack detection and response, and services to help large enterprises manage their security programs.
