Security News > 2020 > October > Arctic Wolf Valued at $1.3 Billion After $200 Million Funding Round
Security operations company Arctic Wolf on Thursday announced the closing of a $200 million Series E funding round that values it at $1.3 billion.
Following the new funding round, Arctic Wolf plans to move headquarters to Eden Prairie, Minnesota, where it already has over 200 employees.
The company plans to use the new funding to make investments in the new headquarters by the end of 2021, including constructing a third SOC and adding more than 150 new jobs.
Arctic Wolf claims to have seen, in the past year, 106% growth in subscription revenue, 180% growth in enterprise customers, 301% growth in customers using multiple solutions, 282% growth in channel partners, and 270% growth in processed security events.
The new funding round was led by Viking Global Investors, but also received participation from DTCP and existing investors.