Expel, a Herndon, Va.–based transparent managed security provider, raised $20m in Series B funding.
The round, which brings total funding to $27.5m to date, was led by Scale Venture Partners, with participation from existing investors Battery Ventures, Greycroft, Lightbank, New Enterprise Associates, Paladin Capital Group and Profile Capital Management. In conjunction with the funding, Ariel Tseitlin, a partner at Scale Venture Partners, will join Expel’s board of directors.
The company intends to use the funds to accelerate product development and go-to-market activities.
Led by Dave Merkel, co-founder and chief executive officer, Expel is a transparent managed security provider for companies trapped in failed relationships with their managed security service provider (MSSP) and those looking to avoid working with them. They get 24×7 access to security analysts so they can watch investigations and take action immediately, within a shared interface. Analysts monitor an environment and investigate suspicious activity using the security products users already own, find a problem, tell them what to do about it including how to fix the root cause of problems that happen over and over.