Rumble grows user base by 3x, customer base by 4x, and ARR by 5x
Rumble, a global leader in network discovery and asset inventory, today announced a new round of Series A funding of $15 million. This round of funding, led by Decibel along with participation from new and existing investors, will help Rumble accelerate their go-to-market and engineering initiatives.
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“Even though network discovery and asset inventory is a critical requirement for many IT and security programs, most organizations still don’t have complete visibility into the networks they use, much less every device and software application connected to them”
“Even though network discovery and asset inventory is a critical requirement for many IT and security programs, most organizations still don’t have complete visibility into the networks they use, much less every device and software application connected to them,” says Jon Sakoda, Founding Partner at Decibel. “Rumble is solving that problem, and they’re seeing a tremendous response from their customers who are finally getting the visibility they need to secure and protect their cloud and on-prem environments. We look forward to continuing to partner with Rumble as they scale their team and invest in their technology.”
Along with Decibel, participation from several new and existing investors include Andrew Peterson (Founder and CEO of Signal Sciences), Ash Devata (former Chief Product Officer of Duo Security), Chenxi Wang (Managing General Partner at Rain Capital), Chris Nickerson (Founder of LARES), Christian Kanja (Founder and CEO at glueckkanja-gab), David Eckstein (CFO of Menlo Security), David Schneider (former President of ServiceNow), Felix Storm (Partner and Technology Lead at glueckkanja-gab), Gordon Lyon (Founder of Nmap and Npcap), Jack Naglieri (Founder and CEO of Panther Labs), Jim Cyb (former CRO of Duo Security), Jon Oberheide (Co-Founder of Duo Security), Michael Sutton (Founder of StoneMill Ventures), Nir Polak (Co-Founder and Executive Chairman Exabeam), Oliver Friedrichs (former CEO and Founder of Phantom Cyber), Paul DiMarzo (former CFO of Duo Security), Rishi Bhargava (Co-Founder of Demisto), and Slavik Markovich (Co-Founder of Demisto).
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Since its seed funding, Rumble has experienced exponential growth. In 2021, Rumble grew the user base by 3x, customer base by 4x, and ARR by 5x. The massive growth is a result of the company’s ability to partner with customers to deliver the capabilities they need to address the coverage gaps and security risks in their environment. Closing out the year, Rumble booked a historic deal for 1 million assets, the largest booking for the company at the time. To continue the momentum, Rumble intends to use the funds to ramp up hiring across their go-to-market and engineering functions.
“Our mission is to make network discovery and asset inventory as easy as possible for organizations and teams of all sizes. The feedback from our customers reaffirms that there is a real pain that we are solving for them, especially around unmanaged assets,” says Chris Kirsch, CEO and Co-Founder of Rumble. “Customers often tell us how Rumble has been able to help them get a handle on all of their assets and how easy it was for them to do it. This next round of funding will help us accelerate our ability to reach more organizations and help them with their asset inventory.”