Rapid7, provider of unified vulnerability management solutions, has secured $7 million in funding from Bain Capital Ventures. The company will use the cash to expand its global sales channels and expand marketing and management staff. It also appointed former Microsoft executive Mike Tuchen as president and COO, as well as Timothy O'Toole as the company's CFO. www.rapid7.com
An industrial control system cybersecurity initiative established by the Biden administration for the electric and pipeline industries will be expanded to include critical infrastructure entities in the water and wastewater sectors.
Former U.S. Department of Commerce Secretary Penny Pritzker’s private equity firm PSP Capital has acquired Ntiva, a major managed service provider that offers managed security services, among others, for an undisclosed amount.