Security News > 2020 > March > SOC-as-a-Service Specialist Arctic Wolf Raises $60 Million
Sunnyvale, Calif-based Arctic Wolf Networks has raised $60 million in a Series D funding round led by Blue Cloud Ventures and Stereo Capital.
"Arctic Wolf's approach of providing businesses with dedicated experts who know their security landscape, and a predictable pricing structure they can understand, has resonated with organizations of all sizes who are looking to better secure their data," said Brian NeSmith, CEO and co-founder of Arctic Wolf.
Investor Stereo Capital believes it is the combination of SOC technology with dedicated concierge security teams that makes Arctic Wolf stand out.
Dmitry Dakhnovsky, managing partner, described Arctic Wolf as "The only scale platform that combines a state-of-the-art technology stack with top class security analysts in a single offering," bringing "True enterprise grade security to businesses who would not be able to achieve it on their own."
Arctic Wolf raised $16 million in a Series B funding round in January 2018, and a further a further $45 million in a Series C round in October 2018.