March 2020 CYBERSECURITY 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...
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