Security News > 2020 > March > Arctic Wolf raises $60M to introduce new service offerings and address new markets

This new round of funding will allow Arctic Wolf to introduce new service offerings, address new markets and help further cement a leadership position in the Managed Detection and Response market.

Paired with the company's 4300 percent revenue growth over the last four years and a doubled security team to over 400 employees across four North American offices, the increased market need was a driving force that helped Arctic Wolf be named the 25th fastest growing company in North America on Deloitte's 2019 Technology Fast 500.

"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.

"This new round of funding will allow us to accelerate the growth of our business so that we can provide even more companies with the personal, predictable protection that Arctic Wolf is known for."

"For a long time, the managed security market has struggled with an acute shortage in security operations talent and misaligned pricing models. We are excited to back Arctic Wolf as the only at scale platform that combines a state-of-the-art technology stack with top class security analysts in a single offering," said Dmitry Dakhnovsky, Managing Partner at Stereo Capital.

News URL

http://feedproxy.google.com/~r/HelpNetSecurity/~3/PFjFfEgNT64/