Expanse Raises $70M in Series C Funding

Expanse, a San Francisco, CA-based Internet information technology (IT) operations management platform, raised $70m in Series C funding.

The round, which brought total funding raised to date to more than $135M in funding, was led by TPG Growth, with participation from Arianna Huffington, Peter Thiel, Egon Durban, Taylor Glover, Sam Palmisano, as well as return investments from NEA, IVP, Founders Fund, and MSD Capital.

The company plans to apply the funds to accelerate its business’ go-to-market strategy, including international expansion beyond its existing overseas customers in the United Kingdom, Canada, Australia, and Japan.

Founded in 2012 by Tim Junio, CEO, and Matt Kraning, CTO, Expanse provides IT operations and security teams with an Internet information technology (IT) operations management platform to discover, manage, and secure all of their global internet assets. Current customers use the platform to monitor for real-time changes to their infrastructure to improve visibility, governance, and IT operations, reducing risk associated with internet-connected assets and enabling a secure digital transformation.
Since the launch of its Expander product, the company has served elite international customers across government, Fortune 500 companies, and internet service providers (ISP), including CVS/Aetna, PayPal, Capital One, Allergan, Hudson’s Bay Company, the US Army, US Navy, US Air Force, and the Departments of Defense, Energy, and State.