What is Expel?
Expel, founded in 2016 and headquartered in Herndon, Virginia, operates at the forefront of cyber-security by offering proactive threat detection and investigation services. The company distinguishes itself by employing a hybrid model that integrates skilled security analysts with sophisticated data analysis tools to identify and neutralize cyber security threats for its clients. This dual approach allows Expel to provide comprehensive security solutions, enhancing the defense posture of organizations against an evolving threat landscape.
How much funding has Expel raised?
Expel has raised a total of $288.8M across 5 funding rounds:
Series A
$7.5M
Series B
$20M
Series C
$40M
Series D
$50M
Series E
$171.3M
Series A (2016): $7.5M with participation from Lightbank, Battery Ventures, Palladin Capital Group, New Enterprise Associates, and Greycroft Partners
Series B (2018): $20M led by Lightbank, Profile Capital Management, Paladin Capital Group, Battery Ventures, New Enterprise Associates, Greycroft Partners, and BA Venture Partners
Series C (2019): $40M supported by BA Venture Partners, Index Ventures, Paladin Capital Group, Battery Ventures, Greycroft Partners, and NEA
Series D (2020): $50M featuring CapitalG
Series E (2022): $171.3M backed by Index Ventures, CapitalG, Greycroft Partners, Paladin Capital Group, and Cisco Investments
Key Investors in Expel
CapitalG
CapitalG, Alphabet's independent growth fund, invests capital and expertise to support remarkable entrepreneurs and transformational companies in accelerating their growth. The fund focuses on growth-stage companies, providing significant capital and hands-on operational support.
Index Ventures
Index Ventures is a venture firm investing in the next generation of entrepreneurs from seed to IPO, partnering with founders with bold dreams to build enduring companies. They invest in entrepreneurs globally from offices in San Francisco & London.
Paladin Capital Group
Paladin Capital Group is a global multi-stage investment firm specializing in venture capital and growth financing across diverse sectors, deploying capital strategically to support and scale companies at various stages of development.
What's next for Expel?
With the recent major strategic investment, Expel is poised for accelerated growth and further development of its innovative security solutions. The substantial capital raised, reflected in the $288.8M total funding, indicates a strong market validation and provides the resources necessary to expand its operational capabilities, enhance its technology platform, and broaden its market reach. This strategic financing is expected to bolster Expel's position as a leader in the active cyber threat hunting and investigation sector, enabling the company to address the increasing demand for advanced security services.
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