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Expel

Developer of a managed security platform designed to identify and eliminate security risks in the cybersecurity space.
Developer of a managed security platform designed to identify and eliminate security risks in the cybersecurity space.
Network Management Software 📍 Herndon, VA Founded 2016
Current Valuation
$1.0B
as of 2021-Q4
UNICORN

QL Price

$1.1B
+7% vs last round
QuantLogix's current estimate for Expel, published 2026-09-27 — above the last disclosed round of $1.0B (2021-Q4).
Confidence
medium
Basis
secondary led
What backs this price
Last disclosed round $1.0B 2021-Q4 weight 0.04
Secondary market print $1.1B 2026-06-27 weight 0.58
How this price has held up
No round has priced for Expel since QuantLogix began publishing a price for it, so there is nothing to grade yet. The claim above is on the record from 2026-09-27 and will be graded against the next priced round. See the full accuracy record →
How to actually get exposure to Expel →
Which publicly-traded funds already hold it, what $10,000 buys, and whether any route is open to you.
Cite this price as QuantLogix QL Price, Expel, 2026-09-27 (162b270640e67dd0). The id pins this exact claim, so a citation stays checkable after the price moves. Model estimate for research — not a quote, target price, or investment advice.

IPO Outlookprivate

Is Expel going public?
No. Expel is private and has not filed to go public. There is no S-1 on file.
What is Expel's valuation in 2026?
Expel is valued at $1.0B as of 2021-Q4, set by its Series E ($140.3M, Nov 2021). That is the last confirmed mark, not a live price — private shares do not trade continuously.
Has Expel filed an S-1?
No public S-1 is on file for Expel.
How much has Expel raised?
Expel has raised $257.8M in total, most recently a Series E of $140.3M in Nov 2021.
Is Expel publicly traded — can you buy Expel stock?
No. Expel is a private company — its shares are not listed on any exchange and there is no ticker. The routes to exposure are pre-IPO secondary marketplaces and funds (accredited investors), employee tender offers when the company runs one, and public companies with read-through exposure. QuantLogix maps every route it can verify for Expel on its Pre-IPO Access Desk.
How to actually get exposure to Expel →
Answers are derived from the roster record shown on this page — filing status, last round and confirmed marks. Where the record is silent, the answer says so rather than guessing.

Company Profile

Founded
2016
HQ
Herndon, VA
Employees
484
Total Raised
$257.8M
Last Round
Series E — $140.3M (Nov 2021)
IPO Status
private

Fundraising Status

Series E · $140.3M · 4y 10mo ago
privateTotal raised $257.8M

Secondary Market

Implied price / share
$24.54
Last round price / share
$22.93
vs last round
+7.0%
Last round price vs secondary price
Last round vs current secondary price per share$22.93Last round$24.54Current
Secondary price return by period
Secondary market period returns3-month0.0%6-month+0.1%1-year+2.2%All-time-50.9%
Implied per-share price from private secondary transactions, as of Jun 2026. This is a point estimate, not a quote — the feed carries no bid, ask or spread, and a secondary print is evidence of what someone paid on that date rather than a live market. Compare across every tracked name →

Latest Funding Round

RoundAmountDateLead InvestorPost-Money
Series E$140.3MNov 2021—$1.0B

Talent Signal

Hiring trend
▼ Hiring downtrend
-20% vs 2026-08
Open roles
8
via greenhouse
Product-build share
50%
engineering, research, product, design
Trajectory
tightening
product-led hiring — 50% of open roles build product; the rest are go-to-market and G&A.
Open roles trending down; no tracked executive churn.
Open roles by month
Open roles by month10Aug '268Sep '26
Open roles by function
Open roles by functionSales & GTM2Engineering2Marketing1Product1Other1Security1
■ product-building   ■ go-to-market / G&A
Managed SIEM Detection EngineerProduct Manager, Detection PipelineSenior Security Solutions EngineerSystems EngineerCustomer Success Manager, ScaleEnterprise Account Executive - New England
Counted from Expel's live job board as of 2026-09-16; role functions classified from posting titles. Open-role counts are an activity signal, not headcount. Refreshed monthly.
SaaSCyber SecurityNetwork SecurityCloud Security
Private-company numbers are not real-time. Reflects publicly disclosed valuations from press releases, news reports, and tender offers as of 2021-Q4. Refreshed quarterly.