Catalog product

Rumble Nets $15 million to help IT teams find and catalog devices on their networks

Rumble was co-founded by CTO HD Moore (left) and CEO Chris Kirsch (right). | Photo: Decibel Partners

To protect a company’s network, you need to know which devices are connected to the network. HD Moore, a network security expert known for founding the Metasploit project, found that existing tools used for network discovery and asset inventory were outdated.

In 2018, he developed Rumble, a modern tool that allows enterprises to find and inventory all devices on their network, including those connected physically and in the cloud, without the need for credentials, agents or agents. access to SPAN ports.

On Monday, the Austin-based startup announced that it had raised $15 million in Series A funding. The announcement comes a year after the startup raised $5 million in seed funding.

“Most IT and security teams still struggle to create useful inventory from their existing security tools. This data is often incomplete and unreliable because these tools tend to focus on risk and not asset identification,” Moore said in a statement. “Our goal is to build an amazing network discovery and asset inventory platform that delivers high-quality data through an intuitive user interface.”

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Moore stepped down as CEO of Rumble last year to focus on product development as CTO. Co-founder Chris Kirsch, who joined Rumble in early 2021, stepped down as CRO to take over as CEO.

The Series A and seed funding rounds were led by Decibel Partners and joined by several founders and information security executives. Rumble will use the latest capital injection to hire its go-to-market and engineering teams.

Rumble has grown exponentially over the past year. Last year, the company tripled its user base, quadrupled its customer base and saw its annual recurring revenue increase fivefold. Over 11,000 users have Rumble Starter Edition, which is free for networks with less than 256 active ones.

“Even though network discovery and asset inventory are core requirements for many IT and security programs, most organizations still don’t have full visibility into the networks they use, let alone all devices and software applications connected to them,” Jon Sakoda, a founding partner at Decibel Partners, said in a statement. “Rumble solves this problem, and they’re seeing tremendous response from their customers who are finally getting the visibility they need to secure and protect their cloud and on-premises environments.”