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 midmarket organizations.[3] The company was listed as a Gartner Cool Vendor in security for mid sized enterprises in June 2018. In 2019 and again in 2020, the company was named to the Deloitte Fast 500 list of fast-growing companies.[4] [5] In 2021, the company became part of IDC MarketScape Leader and was part of CRN Security 100 List. In 2022, CRN listed the company number 1 in its Top 10 Cybersecurity products and tool.[6] In October 2022, Arctic Wolf made its portfolio of security operations solutions available in Australia and New Zealand.[7]

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.[8]

On February 1, 2022, Arctic Wolf acquired Tetra Defense.[9] [10]

In October 2023, Arctic Wolf acquired Revelstoke, a cybersecurity company.[11] [12]

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.[13]

In October 2020, Arctic Wolf announced a $200M E Round of funding at a valuation of 1.3B$.[14]

On July 19, 2021, Arctic Wolf secured $150M at Series F, tripling its valuation to $4.3B.[15]

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: Arctic Wolf raises $60M to introduce new service offerings and address new markets. 31 December 2020. helpnetsecurity . 13 March 2020.
  5. News: Deloitte's Technology Fast 500 North America 2020. 31 December 2020. 17 November 2020.
  6. Web site: Fitzgerald . Jaymin . 2022-07-15 . The following are 10 cool cybersecurity products and tools . can.com.
  7. Web site: Wolf . Arctic . 2022-10-23 . Security Operations in Australia and New Zealand . 2024-05-30 . Arctic Wolf . en-US.
  8. News: Cybersecurity risk assessment company RootSecure acquired by Arctic Wolf Networks . Sera . Wong . BetaKit . 31 December 2020 . 15 January 2019.
  9. 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.
  10. Web site: Panettieri . Joe . 2022-02-01 . Arctic Wolf Acquires Tetra Defense for Security Incident Response Capabilities - . 2024-08-02 . MSSP Alert . en.
  11. Web site: 2023-10-10 . Arctic Wolf acquires venture-backed cybersecurity provider Revelstoke . 2024-03-15 . SiliconANGLE . en-US.
  12. Web site: Wiggers . Kyle . 2023-10-10 . Arctic Wolf acquires cybersecurity automation platform Revelstoke . 2024-03-15 . TechCrunch . en-US.
  13. News: Wheatley . Mike . 11 March 2020 . Security firm Arctic Wolf lands $60M in late-stage funding . 31 December 2020 . Silicon Angle.
  14. 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.
  15. Web site: 2021-07-19 . Cyber Risk Protection Company Arctic Wolf Networks, Inc. . mg21.com.

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