Security News > 2021 > July > Rapid7 Acquires Threat Intelligence Firm Intsights for $335 Million
Boston- based cybersecurity firm Rapid7 announced on Tuesday that it has shelled out $335 million to acquire threat intelligence startup Intsights.
Israel-born Intsights has raised more than $70 million in funding, including a $30 million Series D round in November 2019.
Focused on providing real-time cyber threat intelligence with existing security infrastructure, Intsights is predicated on the idea that effective defense begins before an attack is launched.
"There's no shortage of threat intelligence information available today, but much of it lacks context, creating too much alert noise and additional work for already overburdened security teams," said Richard Perkett, senior vice president of detection and response at Rapid7.
"By integrating IntSights' external threat intelligence capabilities into Rapid7's XDR solution, InsightIDR, we expect to provide security teams with expanded visibility and detections of internal and external threats across their traditional and modern environments-enabling them to quickly pivot into investigations, threat hunting and containment automation all within a unified experience."
Under the terms of the agreement, Rapid7 said it will pay roughly $335 million in cash and stock to acquire IntSights, subject to adjustments.