Security News > 2020 > October > Arctic Wolf raises $200M to introduce new security offerings and address new markets

This new round of funding will enable Arctic Wolf to accelerate the introduction of new security operations offerings, address new markets, and further cement its leadership position in the security operations and managed detection and response markets.

Using the cloud-native Arctic Wolf Platform, Arctic Wolf provides security operations as a concierge service.

Arctic Wolf's primary security operations offering is Arctic Wolf Managed Detection and Response, a solution that enables organizations to detect, respond, and recover from advanced cyber threats.

Using the Series E funding, Arctic Wolf plans to make significant investments in its new headquarters by the end of 2021 with the addition over 150 new jobs and the construction of the company's third security operations center.

"The Minneapolis area has a rich and growing history of world-class technology companies, that combined with access to a highly-skilled workforce, central location, and a favorable business environment, make it the ideal place for Arctic Wolf to call home," said Nick Schneider, Chief Revenue Officer, Arctic Wolf.

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