Expel joined the Unicorn Club on November 18, 2021, after raising a $141 million Series E funding round led by CapitalG, which valued the company at $1 billion. Headquartered in Herndon, Virginia, United States, Expel is a managed detection and response (MDR) provider that helps organizations secure their systems. Its services include threat hunting, vulnerability prioritization, phishing protection, and AI-powered detection coverage. The company has raised a total of $289 million to date and employs 448 people (as of December 2023).
Keep reading to learn more about how Expel helps businesses address cybersecurity challenges with AI-driven automation and detection capabilities.
What Is Expel and What Does It Do?
Founded in 2016, Expel provides managed detection and response (MDR) services designed to help organizations identify and address security threats in real-time. Its platform offers services such as threat hunting, vulnerability prioritization, phishing protection, and automated recommendations. Expel’s AI and automation-powered detection coverage reduces security risks and enhances operational efficiency.
The company’s platform also focuses on improving AWS security by identifying and mitigating vulnerabilities in cloud environments. By delivering expert security research and real-time threat detection, Expel helps businesses proactively respond to cybersecurity risks.
How Much Funding Has Expel Raised?
- Series E
- Amount Raised: $30M
- Date: October 3, 2022
- Lead Investor: CapitalG
- Valuation: $1B
- Purpose: Expand product offerings, enhance threat detection capabilities, and scale operations.
- Earlier Rounds (A to D)
- Cumulative Funding: $259M
- Investors: Section Partners, CapitalG, Paladin Capital, and others
- Purpose: Build and enhance the MDR platform, expand customer base, and develop new security features.
Total Funding Raised: $289M
Latest Funding Date: October 3, 2022
Latest Valuation: $1B
Employee Count: 448 (as of December 31, 2023)
Key Investors
- CapitalG
- Details: Growth equity fund focused on investments in technology companies with a focus on scalability and market impact.
- Focus Areas: Cybersecurity, automation, and enterprise software.
- Section Partners
- Details: Venture capital firm focused on investments in high-growth, innovative technology companies.
- Focus Areas: Cybersecurity, software-as-a-service (SaaS), and automation.
- Paladin Capital
- Details: Venture capital firm specializing in cybersecurity and defense technology investments.
- Focus Areas: Cybersecurity, defense, and threat intelligence.
Where Is Expel’s Headquarters?
Expel is headquartered in Herndon, Virginia, United States, and operates across multiple locations to provide comprehensive managed detection and response services to clients worldwide. The company’s platform delivers robust threat protection through a combination of human expertise, AI-powered automation, and real-time monitoring, enabling businesses to enhance their security posture.
What’s Next for Expel?
Expel is poised to continue expanding its cybersecurity offerings, with a focus on enhancing its AI and automation capabilities. The company plans to build on its Series E funding to further scale its services, develop new detection features, and enhance its platform’s ability to handle emerging security threats, particularly within cloud environments such as AWS. As cyber threats evolve, Expel remains committed to helping businesses proactively address security challenges and reduce operational risks.
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