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Arctic Wolf Gets $400 Million in Financing, Plans Further Innovation
Arctic Wolf has obtained $401 million in financing from investor Owl Rock, a division of Blue Owl Capital.
New and existing investors also contributed to the Arctic Wolf financing. They include Viking Global Investors, the Ontario Teachers’ Pension Plan and funds advised by Neuberger Berman.
Arctic Wolf serves more than 3,000 customers that range from large enterprises to SMBs. It works with more than 1,100 channel partners worldwide.
Nick Schneider is Arctic Wolf‘s CEO.
Arctic Wolf’s Nick Schneider
“We continue to see a massive opportunity to accelerate our market leadership, further expand globally, and add new features and solutions to the Arctic Wolf Security Operations Cloud,” he said. “We’ll use this funding to fuel all these initiatives, which will benefit both Arctic Wolf and our partner community.”
In the last 12 months, Arctic Wolf has doubled its headcount driven by expansion into new global markets. That includes, most recently, South Africa, Benelux and the Nordics, as well as an upcoming launch into Asia Pacific. This international expansion follows on the heels of Arctic Wolf opening its EMEA headquarters in Newcastle, England. It also established its first European security operations center (SOC) in Frankfurt, Germany.
Will Briggs is Arctic Wolf‘s senior vice president of global channels.
Arctic Wolf’s Will Briggs
“Since 2019, we’ve adopted a 100% partner-centric GTM model,” he said. “This approach has driven both the growth and success of Arctic Wolf, as well as our amazing partner community. We will continue to employ this model as we continue to grow in new segments and expand internationally.”
Security to Remain Top Priority for Companies
With macroeconomic headwinds, Arctic Wolf believes security will remain a top priority for companies, Briggs said.
“Being able to secure this amount of funding from both new and existing investors is a testament to what our team continues to accomplish and reflects the fact that Arctic Wolf continues to be perceived to be among the top-performing private SaaS companies by the investment community,” he said. “Partners can have confidence that Arctic Wolf will be able to grow alongside them and continue to bring new innovations to market.”
Arctic Wolf recently introduced new incident response offerings via its Tetra Defense business unit. It also further enhanced its security operations warranty offering, which offers eligible customers up to $1 million in financial assistance in the event of certain cyberattacks..
In addition, it launched a new data exploration module, which allows internal IT and security teams to find answers to critical security questions with data that spans their security and IT toolset.
Ilan Aharoni is vice president at Owl Rock.
“Many businesses lack the expertise and resources to secure themselves against today’s growing challenges,” he said. “Arctic Wolf’s continued growth and expansion amidst a tumultuous market is a testament to the strong value proposition of its one-stop, cloud-native platform coupled with its differentiated delivery model.”
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