Arctic Wolf Networks Explained

Arctic Wolf Networks
Type:Private
Industry:Cybersecurity
Foundation:2012
Founders:Brian NeSmith
Kim Tremblay
Sam McLane
Matthew Thurston
Location:Eden Prairie, Minnesota, USA
Key People:Brian NeSmith, Co-founder & Executive Chairman
Nick Schneider, President & CEO
Duston Williams, CFO
Dan Larson, CMO
Num Employees:2,000
Services:Security Analytics, Vulnerability Management
Managed Detection and Response
Footnotes:[1]

Arctic Wolf Networks is a cybersecurity company that provides security monitoring to detect and respond to cyber threats.[2] The company monitors on-premises computers, networks and cloud-based information assets from malicious activity such as cybercrime, ransomware, and malicious software attacks.

History

Founded in 2012, Arctic Wolf focused on providing managed security services to small and mid-market organizations.[3] The company was listed as a Gartner Cool Vendor in security for mid-sized enterprises in June 2018.

Acquisitions

In December 2018, Arctic Wolf announced the acquisition of the company RootSecure, and subsequently turned the RootSecure product offering into a vulnerability management service.[4]

On February 1, 2022, Arctic Wolf acquired Tetra Defense.[5] [6] [7]

In October 2023, Arctic Wolf acquired Revelstoke, a cybersecurity company.[8] [9]

Funding

In March 2020, following a $60M D Round of funding, the company announced moving its headquarters from Sunnyvale, California to Eden Prairie, Minnesota in October 2020.[10]

In October 2020, Arctic Wolf announced a $200M E Round of funding at a valuation of 1.3B$.[11]

On July 19, 2021, Arctic Wolf secured $150M at Series F, tripling its valuation to $4.3B.[12] [13]

External links

Notes and References

  1. . Arctic Wolf Honored as a 'Best Place to Work' by The Business Journals . Arctic Wolf . 2021-08-16 . 2022-06-29 .
  2. News: Managed Security Firm Arctic Wolf Raises $60 Million In Pursuit Of IPO . CRN. 31 December 2020. 27 October 2020.
  3. News: Arctic Wolf offers SIEM in cloud. NetworkWorld . 31 December 2020 . 17 February 2016.
  4. News: Cybersecurity risk assessment company RootSecure acquired by Arctic Wolf Networks . Sera . Wong . BetaKit . 31 December 2020 . 15 January 2019.
  5. Web site: Zurier . Steve . 2022-02-03 . Arctic Wolf backs off IPO talk, looks to scale business with latest acquisition . 2024-08-02 . SC Media . en.
  6. Web site: Panettieri . Joe . 2022-02-01 . Arctic Wolf Acquires Tetra Defense for Security Incident Response Capabilities - . 2024-08-02 . MSSP Alert . en.
  7. Web site: ReliaQuest to Buy Digital Shadows for $160 Million. Wall Street Journal. June 1, 2022. James Rundle. October 28, 2024.
  8. Web site: 2023-10-10 . Arctic Wolf acquires venture-backed cybersecurity provider Revelstoke . 2024-03-15 . SiliconANGLE . en-US.
  9. Web site: Wiggers . Kyle . 2023-10-10 . Arctic Wolf acquires cybersecurity automation platform Revelstoke . 2024-03-15 . TechCrunch . en-US.
  10. News: Wheatley . Mike . 11 March 2020 . Security firm Arctic Wolf lands $60M in late-stage funding . 31 December 2020 . Silicon Angle.
  11. Web site: Arctic Wolf Secures $200M in Series E Funding at a Valuation of $1.3 Billion . dead . https://web.archive.org/web/20210206183210/https://www.yahoo.com/now/arctic-wolf-secures-200m-series-100000123.html . 2021-02-06 . 2021-03-04 . www.yahoo.com . en-US.
  12. Web site: Fitzgerald . Jaymin . 2022-07-15 . The following are 10 cool cybersecurity products and tools . can.com.
  13. Web site: 2021-07-19 . Cyber Risk Protection Company Arctic Wolf Networks, Inc. . mg21.com.