Arctic Wolf has raised a total of $899.2 million across multiple funding rounds, including a $401 million convertible note in October 2022, backed by Owl Rock Capital. The Eden Prairie-based cybersecurity company provides managed security operations, risk management, and cloud monitoring solutions. With a workforce of 1,001–5,000 employees, Arctic Wolf helps organizations detect threats, mitigate risks, and enhance their global cybersecurity posture.
Keep reading to explore Arctic Wolf's funding journey, key investors, and what's next for this innovative cybersecurity platform.
What Is Arctic Wolf and What Does It Do?
Founded in April 2012 by Brian NeSmith, Arctic Wolf is headquartered in Eden Prairie, Minnesota, United States. The company specializes in cloud-native security operations technology, offering Managed Detection & Response, Managed Risk, and Managed Cloud Monitoring services.
Arctic Wolf's concierge security team delivers tailored threat detection, ongoing risk management, and security awareness training, helping organizations reduce cyber risks and improve resilience against evolving threats.
How Much Funding Has Arctic Wolf Raised?
- Series A
- Amount Raised: $7.2M
- Date: May 2012
- Lead Investors: Lightspeed Venture Partners, Redpoint
- Motivation: To establish initial operations and develop core cybersecurity solutions.
- Series B
- Amount Raised: $20M
- Date: December 2012
- Lead Investors: Lightspeed Venture Partners, Redpoint
- Motivation: To expand product offerings and scale the business.
- Series B (Additional)
- Amount Raised: $16M
- Date: January 2018
- Lead Investors: Bright Pixel (formerly Sonae IM)
- Motivation: To enhance technology and increase market penetration.
- Series C
- Amount Raised: $45M
- Date: October 2018
- Lead Investors: Future Fund
- Motivation: To support rapid growth and expand the customer base.
- Series D
- Amount Raised: $60M
- Date: March 2020
- Lead Investors: Blue Cloud Ventures, Stereo Capital
- Motivation: To accelerate product development and expand into new markets.
- Series E
- Amount Raised: $200M
- Date: October 2020
- Lead Investors: Viking Global Investors
- Motivation: To scale operations and enhance cybersecurity offerings.
- Series F
- Amount Raised: $150M
- Date: July 2021
- Lead Investors: Owl Rock Capital, Viking Global Investors
- Valuation at Round: $4.3B
- Motivation: To support global expansion and strategic acquisitions.
- Convertible Note
- Amount Raised: $401M
- Date: October 2022
- Lead Investors: Owl Rock Capital
- Motivation: To bolster the balance sheet and support potential acquisitions.
Total Funding Raised: $899.2M
Latest Funding Date: October 2022
Current Valuation: $4.3B
Key Investors
- Owl Rock Capital
- Details: Specializes in direct lending to middle-market companies with expertise in structured finance and private credit.
- Investment Focus Areas: Technology, healthcare, industrials
- Viking Global Investors
- Details: Global investment firm managing institutional and individual capital across asset classes.
- Investment Focus Areas: Technology, healthcare, consumer goods
- Notable Investments: Facebook, Alibaba, other high-growth tech firms
- Ontario Teachers' Pension Plan
- Details: One of the world's largest pension funds, managing a diversified global portfolio.
- Investment Focus Areas: Real estate, infrastructure, private equity
- Neuberger Berman
- Details: Investment management firm with a focus on long-term value creation.
- Investment Focus Areas: Technology, healthcare, financial services
- Lightspeed Venture Partners
- Details: Venture capital firm focused on early-stage enterprise and consumer technology.
- Investment Focus Areas: Enterprise, consumer, technology
- Notable Investments: Snap, Affirm, MuleSoft
Where Is Arctic Wolf's Headquarters?
Arctic Wolf is headquartered in Eden Prairie, Minnesota, United States, providing access to top cybersecurity talent, enterprise clients, and technology networks to deliver managed security services globally.
What's Next for Arctic Wolf?
With a $401 million convertible note, Arctic Wolf is well-positioned to expand its managed cybersecurity services globally, particularly in regions such as South Africa and Australia. Future opportunities include potential IPOs, strategic acquisitions like Tetra Defense, and scaling enterprise cybersecurity offerings. The company faces competition, evolving threat landscapes, and integration challenges, but is well-placed to grow with digital transformation and hybrid work trends.
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