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Expel raises $140.3 million in Series E for its managed threat detection and response platform

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News Tech: Expel, a cybersecurity platform that specializes in threat detection and response, announced today that it has raised a $140.3 million Series E funding round. In 2020, and in 2016, Paladin Capital Group led Expel’s Series A round. Also participating in the round were new investors Cisco Investments and March Capital, as well as existing investors Greycroft, Index Ventures, Paladin Capital Group and Scale Venture Partners. The company has raised a total of $257.9 million to date and is now valued at over $1 billion.

“The past two years have presented unique challenges that I am sure most of us could not have foreseen. , doubling the number of technology partners and more than doubling the number of security studies, while increasing automation and increasing analyst effectiveness: 260 while maintaining an NPS rating of 80+ ,” said Expel CEO Dave Merkel. The company’s customers include Delta Air Lines, DoorDash, Better.com, Esri, GreenSky and CDW.

Essentially, Expel provides managed security services for cloud applications, infrastructure, networks, and endpoints, with in-house analysts who monitor an organization’s network 24/7 (and take corrective action when necessary). and preemptive threat hunting services. For on-premises and cloud environments. By building a so-called “automated forward” system, the system can quickly respond to potential problems.

“It has become very clear that organizations need to exceed his best-in-class MDR to protect against ransomware, phishing, and other emerging threats that require professional management and response. increase. Expel is at the forefront of this industry revolution, helping customers and the security community manage complex detection and response in on-premises and increasingly cloud-based environments.”

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