Expelrevenue, valuation & funding
Managed Detection and Response (MDR) 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. Growjo puts 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 | Growjo 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 had 508 employees (December 2024, LinkedIn).
- Dave MerkelFounder & 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
What is Expel's revenue?
Growjo estimates Expel's revenue at about $142.2M a year (June 2025). The company hasn't published its own figure.
What is Expel's valuation?
Investors valued Expel at $1B in its November 2021 Series E.
How much funding has Expel raised?
Expel has raised $257.8M across five funding rounds. The latest was a $140.3M Series E in November 2021.
Is Expel publicly traded?
No. Expel is a private company, so its shares aren't traded on a stock exchange.
How many employees does Expel have?
Expel had 508 employees in December 2024, according to LinkedIn.
Who is the CEO of Expel?
Dave Merkel is the CEO of Expel and founded the company in 2016.
Who founded Expel?
Dave Merkel founded Expel in 2016.
Browse Managed Detection and Response (MDR) Software
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 Oct 30, 2026Data disclaimerReport a correctionClaim this profileRun Expel? Join the podcast