Expel, a Herndon, Va.-based cybersecurity company, secured $40M in Series C funding.
The round was led by Index Ventures with participation from Battery Ventures, Greycroft, NEA, Paladin Capital Group and Scale Venture Partners. In conjunction with the funding, Shardul Shah, partner at Index Ventures will join Expel’s board of directors.
The company, which secured a combined total of $67.5M in funding, intends to use the capital to expand its cloud monitoring capabilities, accelerate product innovation and fund additional sales and marketing programs.
Led by Dave Merkel, CEO and co-founder, Expel Expel provides transparent managed security, on-prem and in the cloud. It offers 24×7 monitoring through its security operations center-as-a-service, integrating the security tools customers already use into its proprietary technology. It then enables customers to make decisions about security issues by giving them real answers and specific recommendations.
The company also offers practical advice on how to prevent issues from happening over and over again.