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Based in San Francisco, California, Expanse is a cybersecurity company that scans the global public internet to map IP addresses, identify exposed customer devices, and detect unauthorized connections to potential threats. The enterprise software provider secures continuous monitoring contracts with large corporations and government entities, serving prominent clients such as PayPal and the United States Department of Defense. The organization has raised $139 million in total funding, including a $70 million Series C round in 2019 that brought its post-money valuation to $500 million. Backed by notable venture capital investors including Founders Fund, TPG Growth, and New Enterprise Associates, the firm reached $100 million in total contract value and expanded its workforce to 165 employees by late 2020. Expanse was established under the name Qadium in 2016 by Tim Junio and Matt Kraning.
Expanse has raised $136.0M across 4 funding rounds.
Expanse has raised $136.0M in total across 4 funding rounds.
# High-Level Overview
Expanse is an enterprise software company specializing in Internet Operations Management, providing organizations with comprehensive visibility and control over their internet-connected assets.[1][2] The platform helps IT operations and security teams discover, manage, and secure all of their global internet infrastructure in real-time.[1]
Expanse solves a critical problem in modern cybersecurity: the inability of organizations to maintain complete visibility over their distributed digital infrastructure. As enterprises expand their internet footprint across cloud services, remote offices, and third-party integrations, asset sprawl becomes a significant security risk. Expanse's system of record consolidates this fragmented landscape, enabling organizations to monitor infrastructure changes, reduce exposure to cyber threats, and maintain governance over their digital transformation initiatives.[1][2] The company's customer base comprises more than 10 percent of the routable internet, demonstrating substantial market penetration and trust among large enterprises.[1]
# Origin Story
Expanse was founded in 2012 and is headquartered in San Francisco, California.[1] The company emerged during a period when cloud computing and distributed infrastructure were rapidly fragmenting traditional IT asset management approaches. By focusing specifically on internet-connected assets—a category that traditional IT asset management tools were not adequately addressing—Expanse identified and capitalized on an underserved market need.
The company has achieved significant validation through $136 million in funding, indicating strong investor confidence in its market opportunity and execution.[1] This capital has enabled Expanse to build leading-edge collection and analysis technology that differentiates it in the cybersecurity landscape.
# Core Differentiators
# Role in the Broader Tech Landscape
Expanse operates at the intersection of two powerful trends: the explosive growth of cloud infrastructure and the rising sophistication of cyber threats. As organizations accelerate digital transformation, their attack surface expands exponentially—every new cloud service, API endpoint, and connected device represents potential vulnerability. Traditional security tools designed for perimeter-based defense are inadequate for this distributed reality.
Expanse's focus on asset visibility addresses a foundational security principle: you cannot protect what you cannot see. In an era where supply chain attacks, misconfigured cloud services, and shadow IT create persistent blind spots, Expanse's platform provides the foundational intelligence layer that modern security operations require. The company influences the broader ecosystem by establishing Internet Operations Management as a distinct and essential category within enterprise cybersecurity.
# Quick Take & Future Outlook
Expanse is positioned to benefit from sustained investment in cybersecurity infrastructure as enterprises grapple with increasingly complex digital environments. The company's deep specialization in asset discovery and management—combined with its substantial funding and enterprise customer base—positions it as a category leader in a market that will only grow as organizations continue their digital transformation journeys.
The future trajectory will likely depend on how effectively Expanse expands its platform capabilities beyond discovery into deeper security automation and remediation, while maintaining its core strength in providing unparalleled visibility into internet-connected assets. As cyber threats become more sophisticated and regulatory requirements around asset governance intensify, Expanse's core mission—creating a system of record for all internet assets—becomes increasingly indispensable to enterprise security operations.
Expanse has raised $136.0M across 4 funding rounds. Most recently, it raised $70.0M Series C in April 2019.
Expanse has raised $136.0M in total across 4 funding rounds.
Expanse's investors include Tim Millikin, 2048 Ventures, Amara VC, Andreessen Horowitz, At One Ventures, B Capital Group, Big Idea Ventures, Bling Capital, Citi Ventures, Climate Capital, Comcast Ventures, Felicis Ventures.
