Expel, a Herndon, Virginia-based managed detection and response (MDR) provider that aims to make great security as accessible as the internet, announced that it secured $140.3 million in Series E funding.
The round was co-led by CapitalG and Paladin Capital Group, with participation from new investors Cisco Investments and March Capital, as well as existing investors Index Ventures, Scale Venture Partners, and Greycroft.
Expel will use the new funding to invest in product research and development, introduce new capabilities, fuel amplified sales, and go-to-market initiatives, expand partner relationships, accelerate international expansion, and further mature business operations to continue delivering high-quality detection and response.
Company: Expel, Inc.
Raised: $140.3M
Round: Series E
Funding Month: November 2021
Lead Investors: CapitalG and Paladin Capital Group
Additional Investors: Cisco Investments, March Capital, Index Ventures, Scale Venture Partners and Greycroft
Company Website: http://www.expel.io/
Software Category: SOC-as-a-service platform that provides security monitoring and response
About the Company: 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. 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 its internal teams get back to focusing on the most strategic security priorities that are unique to their business.
Source: https://www.businesswire.com/news/home/20211118005544/en/%C2%A0Expel-Raises-140.3-Million-in-Series-E-Funding-Catapulting-Valuation-to-Over-1B