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Expel Raises $140.3 Million In Series E Funding, Catapulting Valuation To Over $1B

Nov 18, 2021•almost 4 years ago

Amount Raised

$140 Million

Round Type

series e

Herndon

Description

Expel, the managed detection and response (MDR) provider that aims to make great security as accessible as the internet, announced today that it has secured $140.3 million in Series E funding co-led by CapitalG, Alphabet’s independent growth fund, and Paladin Capital Group. These firms are both repeat lead investors, with CapitalG leading the Series D round in 2020 and Paladin leading the Series A round in 2016. The financing round includes participation from new investors Cisco Investments and March Capital, as well as existing investors Index Ventures, Scale Venture Partners and Greycroft. Expel was founded in 2016 and has secured a combined total of $257.9 million in financing and a valuation over $1 billion.

Company Information

Company

Expel

Location

Herndon, Kansas, United States

About

Expel is a managed detection and response (MDR) provider whose vision is to make great security as accessible as the internet. The company offers 24x7 security monitoring and response for cloud, hybrid and on-premises environments. Expel uses the security signals customers already have so organizations can get more value from their existing security investments. And Expel connects to customer tech remotely through APIs, not agents, so its security operations center (SOC) can start monitoring a customer’s environment in a matter of hours, letting their internal teams get back to focusing on the most strategic security priorities that are unique to their business. Learn more at http://expel.io.

FundzWatch™ Score

Medium Activity

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