What is Expel?
Expel, Inc. is a prominent cybersecurity company headquartered in Herndon, Virginia, founded in 2016. The company distinguishes itself through its proactive approach to security, employing a combination of skilled analysts and advanced data programs to actively hunt for and mitigate cyber threats for its clients. Expel's operational model focuses on continuous monitoring and rapid investigation, providing a robust defense against evolving digital risks. The company's commitment to innovation and effective threat resolution has positioned it as a key player in the cybersecurity landscape, attracting significant investment to further its mission.
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 Palladin Capital Group, New Enterprise Associates, Greycroft Partners, Battery Ventures, and Lightbank
Series B (2018): $20M led by Lightbank, Greycroft Partners, Profile Capital Management, Battery Ventures, Paladin Capital Group, New Enterprise Associates, and BA Venture Partners
Series C (2019): $40M supported by Paladin Capital Group, NEA, Index Ventures, BA Venture Partners, Greycroft Partners, and Battery Ventures
Series D (2020): $50M featuring CapitalG
Series E (2022): $171.3M backed by Paladin Capital Group, CapitalG Management, Cisco Investments, Index Ventures, and Greycroft Partners
Key Investors in Expel
Paladin Capital Group
Paladin Capital Group is a global multi-stage investment firm specializing in venture capital and growth financing across diverse sectors. The firm deploys capital strategically to identify, support, and scale companies at various stages of development, from early-stage ventures through expansion phases.
CapitalG Management
CapitalG is Alphabet's independent growth fund that 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.
Cisco Investments
Cisco Investments is a venture capital firm founded in 1993 that provides strategic funding and portfolio development services to innovative technology companies. The firm specializes in identifying and supporting startups in areas such as cybersecurity, cloud technology, networking, and digital infrastructure.
What's next for Expel?
With its recent major strategic investment, Expel is poised for accelerated growth and enhanced capabilities in the competitive cybersecurity market. The substantial capital infusion is expected to drive further innovation in its active monitoring and investigation technologies, potentially expanding its service offerings and market reach. This funding will likely support the scaling of its operations, enabling Expel to address a broader client base and deepen its expertise in combating sophisticated cyber threats. The company's trajectory suggests a continued focus on leveraging technology and human expertise to provide best-in-class security solutions, solidifying its position as a leader in proactive cybersecurity.
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