Before closing on its incoming Series B round, Seattle-based mobile security startup Mobilisafe decided instead to be acquired by heavily VC-backed security company Rapid7. Prior to the acquisition, Mobilisafe raised $1.2 million of Series A financing from Madrona Venture Group, Trilogy Equity Partners and T-Venture, while Rapid7 has raked in $59 million in total funding from Bain Capital Ventures and Technology Crossover Ventures, making it well-prepared for acquisitions. The combination of security forces will enable Rapid7 to grow its mobile device management offerings by incorporating Mobilisafe's Bring Your Own Device (BYOD) security product.
