In addition to delivering all key elements of the Security Operations framework, Arctic Wolf ensures a proactive approach in building security programs, including identifying vulnerabilities, risky configurations and user behaviors, and remediates the issues before attackers can exploit them.Īrctic Wolf’s business doubled in the past year both with regards to revenue and headcount, expanding substantially in the enterprise market. With this significantly oversubscribed round, Arctic Wolf will continue accelerating its market momentum, expand operations globally and bring to market new products and innovation to build world-class Security Operations for customers around the globe.Īrctic Wolf is the first to deliver a complete solution that gives organizations the protection, resilience, and guidance they need to defend against cyber threats, including Managed Detection and Response (MDR), Managed Risk, Managed Cloud Monitoring, and Managed Security Awareness -each delivered by the industry’s original Concierge Security Team.Įxisting solutions are often reactive in nature and lack the holistic approach to cybersecurity that enables Arctic Wolf to minimize the likelihood and impact of a breach. With its innovative approach to solving cybersecurity’s effectiveness problem, Arctic Wolf is setting a new standard for customers looking to end cyber risk by leveraging the cloud-native Arctic Wolf® Platform and the Concierge Security® Team. Following this round, the company has achieved a valuation of $4.3 billion.Ĭapitalizing on hypergrowth and strong demand for its technology and services, Arctic Wolf is cementing its position as the market leader in Security Operations. We’re a little more measured, so we want to realize that not being public is an end point, you’re just changing the way you run the company.EDEN PRAIRIE, Minn.-( BUSINESS WIRE)- Arctic Wolf®, a leader in security operations, today announced that the company has executed a financing round of $150 million, with Viking Global Investors, Owl Rock, a division of Blue Owl Capital, and other existing investors. “Frankly, from some of the companies I’ve seen IPO over the last three-six months, we could be a public company today. That’s the most likely outcome,” he says. NeSmith tells TechCrunch that while the company is weighing up its options, an IPO is likely the next logical move.
Arctic wolf 150m series#
With Series F funding under its belt, Arctic Wolf is now starting to think about its exit strategy.
“We’ve got letters of intent for a couple more, and I expect that over the next year we’ll probably do between five and 10 acquisitions,” said NeSmith. Arctic Wolf has made three acquisitions since it was founded 2012 - including cybersecurity vulnerability assessment startup RootSecure in 2018 - and it’s planning to increase this number significantly over the next 12 months. The newly raised funds will be used to keep its momentum going, NeSmith said, and to step up its mergers and acquisitions strategy. The company’s headcount has also increased dramatically: The company onboarded approximately 400 employees over the past 12 months and plans to add 500 new roles in the coming year. This, the company claims, makes it the fastest-growing company at scale in the fastest-growing area of the cybersecurity market. The company, which provides round-the-clock security monitoring for small and mid-sized organizations through its cloud security operations platform, saw its revenues double on rapid platform adoption growth, with nearly 60% of its 3,000 customers using at least three of its security operations solutions. “This is a recognition on our part, and our investors’ part, of the challenge that our industry is facing,” Arctic Wolf CEO Brian NeSmith told TechCrunch.Īs a result of this challenging cybersecurity landscape, fueled by pandemic turbulence and a mass shift to remote working, Arctic Wolf has seen impressive growth over the last 12 months.
This latest round brings its total amount of funding raised to date to just shy of $500 million, and sees the company’s valuation soar from $1.3 billion to $4.3 billion. This round was led by Viking Global Investors, Owl Rock and other existing investors, and lands less than a year after the company’s last round of investment when it became the first managed detection and response (MDR) company to secure a valuation of over $1 billion. Arctic Wolf, a managed cybersecurity company that offers “security operations-as-a-concierge” service, has raised $150 million at Series F.
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