Expel Raises $140m in Series E Funding

Fazzaco learned that Detection and response provider Expel has raised $140 million in Series E funding round, which was co-led by existing investors CapitalG, Alphabet's independent growth fund and Paladin Capital Group with participation from new investors Cisco Investments and March Capital, plus existing investors Index Ventures, Scale Venture Partners and Greycroft.

Dave Merkel, CEO of Expel, stated that over the last two years the company has scaled its platform to handle an 82% increase in security events each day. He claims his firm has also "doubled the number of technology partners and more than doubled the number of security investigations".

Expel was founded in 2016 and has secured $257.9 million in financing to date. The latest funding takes the firm's valuation to over $1 billion. 

The company offers security monitoring and response for cloud, hybrid and on-premises environments. It uses existing security signals and connects to customer tech remotely through APIs.