Security Operations Center Company Arctic Wolf Raises $60 Million

By Amit Chowdhry ● Mar 11, 2020
  • Leading security operations center company Arctic Wolf announced it raised $60 million in Series D funding

Arctic Wolf — a leading security operations center company — announced it raised $60 million in Series D funding led by Blue Cloud Ventures and Stereo Capital with additional participation from several new and existing investors, including Delta-v Capital and NextEquity Partners. This round of funding will enable Arctic Wolf to launch new service offerings, address new markets, and help further its leadership position in the Managed Detection and Response (MDR) market.

Last year, the security operations center market demand contributed to the growth of Arctic Wolf’s customer base by over 130%. And the company saw 4300% revenue growth over the last 4 years. Plus the company also doubled its security team to over 400 employees across four North American offices.

Arctic Wolf’s also employs highly-trained security experts who deliver 24×7 cloud-based monitoring, risk management, threat detection, and response services that improve a company’s security posture and protect them against ever-evolving methods of cyberattack.

Key Quotes:

“Arctic Wolf’s approach of providing businesses with dedicated experts who know their security landscape, and a predictable pricing structure they can understand, has resonated with organizations of all sizes who are looking to better secure their data. This new round of funding will allow us to accelerate the growth of our business so that we can provide even more companies with the personal, predictable protection that Arctic Wolf is known for.”

-Brian NeSmith, CEO and Co-Founder of Arctic Wolf

“For a long time, the managed security market has struggled with an acute shortage in security operations talent and misaligned pricing models. We are excited to back Arctic Wolf as the only at scale platform that combines a state-of-the-art technology stack with top-class security analysts in a single offering. Arctic Wolf brings true enterprise-grade security to businesses who would not be able to achieve it on their own.”

-Dmitry Dakhnovsky, Managing Partner at Stereo Capital