Expel*, a Herndon, Va.-based Security Operations Center (SOC)-as-a-service provider, secured $50M in Series D funding.
The round was led by CapitalG, with participation from Battery Ventures, Greycroft, Index Ventures, Paladin Capital Group and Scale Venture Partners. In conjunction with the funding, Gene Frantz, general partner at CapitalG, will join Expel’s board of directors.
The company, which has secured a combined total of $117.5m in financing, intends to use the funds to grow its sales and marketing operations, invest in its cloud security offerings and explore international growth opportunities.
Led by Dave Merkel, CEO, Expel* is a Security Operations Center (SOC)-as-a-service provider which gives customers 24×7 managed detection and response (MDR) for cloud, hybrid and on-premises environments. The company has 40+ native integrations with the most commonly used endpoint, network, SIEM tools, cloud services and SaaS applications. Expel connects to customer tech through APIs, not agents.
FinSMEs
14/05/2020