Arctic Wolf announces $150m Series F financing round
Arctic Wolf, a security operations firm, has announced that the company has executed a financing round of $150m, with Viking Global Investors, Owl Rock, a division of Blue Owl Capital, and other existing investors. Following this round, the company has achieved a valuation of $4.3bn.
Capitalising on hypergrowth and strong demand for its technology and services, Arctic Wolf is cementing its position as the market leader in Security Operations.
With this significantly oversubscribed round, Arctic Wolf will continue accelerating its market momentum, expand operations globally and bring new products to market.
“We were incredibly impressed by the Arctic Wolf management team and the company’s relentless execution and growth. We believe the company is emerging as the clear leader in the market, and is an essential partner to every organization today that is challenged by the skills shortage in cybersecurity and at the same time is looking to securely take advantage of mega technology trends that are driving the need to adopt solutions like the Arctic Wolf platform to secure cloud, network, and data assets,” said Pravin Vazirani, managing director and co-head of Technology Investing, Owl Rock, a division of Blue Owl Capital.
“Since the founding of the company, we believed that the Security Operations market is ripe for disruption as existing solutions were failing customers and not keeping pace with the increased sophistication of cyber attacks,” said Brian NeSmith, chief executive officer, Arctic Wolf. “The valuation we received during this funding round is not only a testament to our enormous success in establishing Arctic Wolf as the leader in Security Operations but also speaks to the explosive global demand we are seeing from organizations looking to protect their hybrid work environments, drive secure cloud adoption, and formulate an actionable strategy to end cyber risk. We are thankful to our customers and partners who put their trust in us every day to be their first and last line of defense as we reinvent this market together.”