Arctic Wolf Raises $60 Million to Further Fuel the Company’s Exponential Growth
New Round of Funding Will Ensure More Organizations Can Experience Personal, Predictable Protection
Arctic Wolf®, a leading security operations center (SOC)-as-a-service company, todayannounced it has raised $60 million in Series D funding, led byBlue Cloud Ventures and Stereo Capital,with additional participation from several new and existing investors, including Delta-v Capital and NextEquity Partners.This new round of fundingwill allow Arctic Wolf to introduce new service offerings, address new marketsand help further cement a leadership position inthe Managed Detection and Response (MDR) market.
In 2019, soaring SOC-as-a-Service demand contributed to the growth of Arctic Wolf’scustomer base by over 130 percent. Paired with the company’s 4300 percent revenue growth over the last four years and a doubled security team to over 400 employees across four North American offices, the increased market need was a driving force that helped Arctic Wolf be named the 25th fastest growing company in North America on Deloitte’s 2019 Technology Fast 500™.
About Arctic Wolf
Arctic Wolf delivers personal, predictable protection from cybersecurity threats through an industry-leading security operations center (SOC)-as-a-service. Arctic Wolf™ Managed Detection and Response and Managed Risk services are anchored by the Arctic Wolf Concierge Security™ Team who provide custom threat hunting, alerting, and reporting. Arctic Wolf’s purpose-built, cloud-based SOC-as-a-service offers 24×7 monitoring, risk management, threat detection, and response. For more information about Arctic Wolf, visit https://arcticwolf.com.