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Founded Year

2014

Stage

Acquired | Acquired

Total Raised

$7.5M

Valuation

$0000 

About Minerva Labs

Minerva Labs provides software security solutions. It offers antivirus, firewall, and cloud based security solutions. The company was founded in 2014 and is based in Petah Tikva, Israel. In March 2023, Minerva Labs was acquired by Rapid7. The terms of the transaction were not disclosed.

Headquarters Location

14 Imber Street

Petah Tikva, 49511,

Israel

+972-3-639-1057

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Expert Collections containing Minerva Labs

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Minerva Labs is included in 1 Expert Collection, including Cybersecurity.

C

Cybersecurity

6,702 items

These companies protect organizations from digital threats.

Minerva Labs Patents

Minerva Labs has filed 6 patents.

The 3 most popular patent topics include:

  • Computer network security
  • Computer security
  • Computer security exploits
patents chart

Application Date

Grant Date

Title

Related Topics

Status

7/22/2018

12/14/2021

Computer security exploits, Computer network security, Computer security, Malware, Cybercrime

Grant

Application Date

7/22/2018

Grant Date

12/14/2021

Title

Related Topics

Computer security exploits, Computer network security, Computer security, Malware, Cybercrime

Status

Grant

Latest Minerva Labs News

Rapid7 Announces Layoffs Despite Strong Q2 Results

Aug 11, 2023

ChannelE2E: Technology News for MSPs & Channel Partners by Sharon Florentine • Aug 11, 2023 Tucked into cloud risk and threat detection company Rapid7’s second-quarter earnings report was a paragraph announcing a “restructuring plan.” Or, in layman’s terms, layoffs. You’d be forgiven if you blinked and missed it. Corey Thomas, chairman and CEO of Rapid7, announced the layoffs in an email to employees and a blog post published Tuesday, August 9, 2023. Rapid7 would cut approximately 18% of its workforce, or about 470 of its approximately 2,700 employees worldwide. Rapid7’s Strong Second Quarter “Rapid7 delivered strong second quarter results, ending the quarter with ARR of $751 million. Revenue and Non-GAAP operating income exceeded our guidance ranges and we saw better than expected traction with our consolidation offerings as customers gravitate towards our integrated security operations platform,” said Thomas in a statement about the company’s earnings. Despite these strong results, the company went on to say, “In order to build upon the momentum we’re seeing in security operations, today we announced a restructuring plan to position us to accelerate investments in becoming the leading provider of integrated security solutions for the modern SOC. In addition to enabling a higher quality customer experience, we expect the net results of these optimizations will support growth in the business while allowing us to double free cash flow in 2024.” Thomas went on to say that while the layoffs were a “difficult decision” and “may be surprising” to employees “when we are meeting performance expectations … making decisions from a place of strength allows us the opportunity to restructure intentionally.” Thomas said Rapid7 would shift focus to its security operations center (SOC) and managed services specialties “to move decisively and strategically toward an integrated experience” and away from an emphasis on point solutions. Earlier this year, the publicly traded company reportedly considered  a sale to private equity investors. In March, Rapid7 acquired Minerva Labs for $38 million in cash and stock. Tech Industry Layoffs Of course, Rapid7 is not alone when it comes to staff cuts. AppSec firm Snyk laid off 128 people in April. Cloud security vendor Zscaler  announced layoffs after what it called a rough fiscal second quarter. Software tools giant  Atlassian laid off 5% of its workforce  as it “shifted priorities.”  Accenture axed 19,000 jobs  last month, and  Veeam laid off 3.8% of its workforce . Oxford, U.K.-based platform security vendor Sophos in January laid off 10% of its staff, or 450 workers. In February, San Francisco-based identity security giant Okta axed 5% of its workers – or roughly 300 employees – while Atlanta-based cybersecurity services vendor Secureworks cut 9% of its staff, or approximately 210 positions,  according to BankInfoSecurity. Related Content

Minerva Labs Frequently Asked Questions (FAQ)

  • When was Minerva Labs founded?

    Minerva Labs was founded in 2014.

  • Where is Minerva Labs's headquarters?

    Minerva Labs's headquarters is located at 14 Imber Street, Petah Tikva.

  • What is Minerva Labs's latest funding round?

    Minerva Labs's latest funding round is Acquired.

  • How much did Minerva Labs raise?

    Minerva Labs raised a total of $7.5M.

  • Who are the investors of Minerva Labs?

    Investors of Minerva Labs include Rapid7, StageOne Ventures, Amplify Partners, Webb Investment Network and SilverTech Ventures.

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Trusted by the world's smartest companies to:
  • Predict emerging trends
  • See competitors' playbooks
  • Stalk the smart money
  • Identify tomorrow's challengers
  • Spot growing industries
  • Kill analyst data work
Let's see how we can help you!
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