Arctic Wolf Raises $401 Million

Arctic Wolf is a cyber security company that provides its clients with cloud-native security operations technology to help them end cyber risk. The solutions developed include Managed Detection and Response, Managed Risk, and Managed Cloud Monitoring, each delivered through the industry’s original concierge security team.

The funding raised was received in convertible notes from Owl Rock. Among other participants were new and existing investors Viking Global Investors, the Ontario Teachers’ Pension Plan, and Neuberger Berman. “Today, organizations of all sizes have neither the resources nor the expertise to appropriately secure themselves from cyber threats. Arctic Wolf fills that gap with its one-stop, cloud-native solution and its delivery model. We are thrilled to deepen our relationship with the company,” David Jar and Ilan Aharoni, Owl Rock.

Arctic Wolf, Minnesota, USA, was founded by Brian NeSmith and Kim Tremblay in 2012. The company’s flagship software platform ingests data from a company’s cloud environments, endpoints, and networks to provide a unified view of potential cybersecurity threats. As of now, Arctic Wolf has more than 3000 clients around the world, including over 100 local and state government agencies in the US. “Being able to secure this amount of funding from both new and existing investors is a testament to what our team continues to accomplish and reflects the fact that Arctic Wolf continues to be perceived to be among the top-performing private software-as-a-service companies by the investment community,” Arctic Wolf’s CEO Nick Schneider.

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