April 11, 2019

Expanse raise USD 70 million to help businesses track device connectivity

The investment aims to expand its product portfolio with IP address as well as DNS tracking services and grow their marketing, sales and engineering teams.

Expanse, a firm that indexes global internet protocol (IP) addresses, have raised a series C round of funding worth USD 70 million. As per the deal, Expanse aims to focus this investment on expanding their product portfolio as well as extending their sales, marketing and tech personnel.

According to Expanse, enterprises try out various ways of reducing the surface area that is vulnerable to cyber attacks. They say that even though enterprises have business websites on the internet, they are not sure about the anomalies that exist at the DNS level or at the network level.

By tracking the DNS protocol and other registration record systems for discrepancies, Expanse claim that they will allow enterprises to secure their surface area from viruses. They say that with this investment, they will expand their current product portfolio as well as their sales, marketing and tech teams.

Expanse say that till date, they have raised a total of USD 135 million in funding, with offices in Atlanta, New York and Washington in the U.S. The current round of funding was led by New Enterprise Associates (NEA), IVP, and Founders Fund as well as individual investors like Arianna Huffington and Peter Thiel.

Industry experts believe that this new approach of delivering cybersecurity will benefit both government agencies and businesses. One cannot wait to see how Expanse make the most of this funding, following vArmour’s USD 44 million series E investment to fortify cybersecurity and data migration.