Expelrevenue, valuation & funding
Security Compliance SoftwareHerndon, VirginiaFounded 2016CEO Dave Merkel
Expel is a cybersecurity company that provides managed detection and response services to businesses of all sizes.
Expel revenue
Expel has not published its revenue. GetLatka estimates it at about $142.2M a year (June 2025).
All 4 revenue readings, with sources
| As of | Revenue | Source |
|---|---|---|
| Nov 2021 | $35M | – |
| Dec 2023 | $65.1MEST. | GetLatka estimate |
| Oct 2024 | $85.2MEST. | GetLatka estimate |
| Jun 2025 | $142.2MEST. | GetLatka estimate |
– source not recorded
Expel valuation
Expel is privately held, so there is no Expel stock to buy. Investors valued it at $1B in its November 2021 Series E.
Expel funding rounds & investors
Expel has raised $257.8M across five rounds since 2016. The latest was a $140.3M Series E in November 2021.
| Date | Round | Raised | Valuation |
|---|---|---|---|
| Nov 2021 | Series E | $140.3M | $1B |
| May 2020 | Series D | $50M | – |
| Jun 2019 | Series C | $40M | – |
| Apr 2018 | Series B | $20M | – |
| Sep 2016 | Series A | $7.5M | – |
| Total raised | $257.8M |
Expel competitors
Expel competes most directly with CrowdStrike and Red Canary.
| Company | Revenue | Funding | Employees | Founded |
|---|---|---|---|---|
 CrowdStrike | $4.8B | $1.1B | 10.4K | 2011 |
| Expel | $142.2M | $257.8M | 508 | 2016 |
 Red Canary | $100M | $129.9M | 478 | 2013 |
Expel CEO, founders & employees
Dave Merkel founded Expel in 2016 and runs it as CEO. Expel has 508 employees (December 2024, LinkedIn).
- Dave MerkelCo-founder & CEO
All 6 headcount readings, with sources
| As of | Employees | Source |
|---|---|---|
| Dec 2024 | 508 | |
| Oct 2024 | 514 | |
| Dec 2023 | 514 | |
| Dec 2022 | 524 | |
| Dec 2021 | 332 | |
| Nov 2021 | 309 | – |
Expel FAQ
How much money does Expel make?
Expel has not published its revenue. GetLatka estimates about $142.2M a year (June 2025).
How much is Expel worth?
Companies don't publish a net worth. The closest figure is Expel's valuation: $1B, set in Nov 2021.
Who owns Expel?
Expel is privately held by its founders, employees and investors.
Is Expel publicly traded?
No. Expel is a private company, so its shares are not listed on a stock exchange.
How much funding has Expel raised?
$257.8M across 5 rounds; the latest was a $140.3M Series E in November 2021.
Who is the CEO of Expel?
Dave Merkel, a co-founder.
Who founded Expel?
Dave Merkel, in 2016.
How many employees does Expel have?
About 508 as of December 2024 (LinkedIn).
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How this page is sourced
5 from public sources · 3 estimates. Founder figures link to the second they were said; public figures name their source; estimates are marked EST. and say whose they are. Not financial advice.
Updated Sep 10, 2026Data disclaimerReport a correctionClaim this profileRun Expel? Join the podcast