Subsidiaries of Alphabet and Cisco were among the investors which pushed the cybersecurity technology provider to unicorn status.
Internet and technology group Alphabet’s growth-stage investment vehicle, CapitalG, co-led a series E round for US-based cybersecurity technology developer Expel sized at over $140m yesterday.
The round was co-led by Paladin Capital Group and included networking technology producer Cisco’s corporate venturing unit, Cisco Investments, as well as Index Ventures, Scale Venture Partners, March Capital and Greycroft.
Expel operates a managed detection and response service that protects cloud applications, network infrastructure and endpoints from cyberthreats.
The round took the company’s total…
Fernando Moncada Rivera
Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
