Arctic Wolf Networks
{{Short description|Cybersecurity company}}
{{Infobox company
| name = Arctic Wolf Networks
| type = Private
| industry = Cybersecurity
| foundation = 2012
| founders = Brian NeSmith
Kim Tremblay
Sam McLane
Matthew Thurston
| location = Eden Prairie, Minnesota, USA
| key_people = Brian NeSmith, Co-founder & Executive Chairman
Nick Schneider, President & CEO
Duston Williams, CFO
Dan Larson, CMO
| num_employees = 2,000
| services = Security Analytics, Vulnerability Management
Managed Detection and Response
| homepage = {{URL|arcticwolf.com}}
}}
Arctic Wolf Networks is a cybersecurity company that provides security monitoring to detect and respond to cyber threats.{{cite news|url=https://www.crn.com/news/security/managed-security-firm-arctic-wolf-raises-60-million-in-pursuit-of-ipo|title=Managed Security Firm Arctic Wolf Raises $60 Million In Pursuit Of IPO
|work=CRN|access-date=31 December 2020|date=27 October 2020}} The company monitors on-premises computers, networks and cloud-based information assets from malicious activity such as cybercrime, ransomware, and malicious software attacks.
History
Founded in 2012, Arctic Wolf focused on providing managed security services to small and mid-market organizations.{{cite news |title=Arctic Wolf offers SIEM in cloud
|url=https://www.networkworld.com/article/3033945/arctic-wolf-offers-siem-in-cloud.html |newspaper=NetworkWorld |access-date=31 December 2020 |date=17 February 2016}} The company was listed as a Gartner Cool Vendor in security for mid-sized enterprises in June 2018.
Acquisitions
In December 2018, Arctic Wolf announced the acquisition of the company RootSecure, and subsequently turned the RootSecure product offering into a vulnerability management service.{{cite news | url=https://betakit.com/cybersecurity-risk-assessment-company-rootsecure-acquired-by-arctic-wolf-networks// | first=Sera | last=Wong | title=Cybersecurity risk assessment company RootSecure acquired by Arctic Wolf Networks | website=BetaKit |access-date=31 December 2020 |date=15 January 2019}}
On February 1, 2022, Arctic Wolf acquired Tetra Defense.{{Cite web |last=Zurier |first=Steve |date=2022-02-03 |title=Arctic Wolf backs off IPO talk, looks to scale business with latest acquisition |url=https://www.scmagazine.com/analysis/arctic-wolf-backs-off-ipo-talk-looks-to-scale-business |access-date=2024-08-02 |website=SC Media |language=en}}{{Cite web |last=Panettieri |first=Joe |date=2022-02-01 |title=Arctic Wolf Acquires Tetra Defense for Security Incident Response Capabilities - |url=https://www.msspalert.com/news/arctic-wolf-buys-tetra-defense |access-date=2024-08-02 |website=MSSP Alert |language=en}}{{cite web|url=https://www.wsj.com/articles/reliaquest-to-buy-digital-shadows-for-160-million-11654081200|title=ReliaQuest to Buy Digital Shadows for $160 Million|website=Wall Street Journal|date=June 1, 2022|author=James Rundle|access-date=October 28, 2024}} In October 2023, Arctic Wolf acquired Revelstoke, a cybersecurity company.{{Cite web |date=2023-10-10 |title=Arctic Wolf acquires venture-backed cybersecurity provider Revelstoke |url=https://siliconangle.com/2023/10/10/arctic-wolf-acquires-venture-backed-cybersecurity-provider-revelstoke/ |access-date=2024-03-15 |website=SiliconANGLE |language=en-US}}{{Cite web |last=Wiggers |first=Kyle |date=2023-10-10 |title=Arctic Wolf acquires cybersecurity automation platform Revelstoke |url=https://techcrunch.com/2023/10/10/arctic-wolf-acquires-cybersecurity-automation-platform-revelstoke/ |access-date=2024-03-15 |website=TechCrunch |language=en-US}}
Cylance was acquired from Blackberry Limited by Arctic Wolf in December 2024.{{Cite web |title=Arctic Wolf and BlackBerry Announce Acquisition Agreement for Cylance |url=https://www.blackberry.com/us/en/company/newsroom/press-releases/2024/arctic-wolf-and-blackberry-announce-acquisition-agreement-for-cylance |access-date=2025-01-13 |website=www.blackberry.com}}
Funding
In March 2020, following a $60M D Round of funding, the company announced moving its headquarters from Sunnyvale, California to Eden Prairie, Minnesota in October 2020.{{cite news |last=Wheatley |first=Mike |date=11 March 2020 |title=Security firm Arctic Wolf lands $60M in late-stage funding |url=https://siliconangle.com/2020/03/11/security-firm-arctic-wolf-lands-60m-series-d-funding/ |access-date=31 December 2020 |website=Silicon Angle}} Also in 2020, Arctic Wolf announced a $200M E Round of funding at a valuation of 1.3B$.{{Cite web |title=Arctic Wolf Secures $200M in Series E Funding at a Valuation of $1.3 Billion |url=https://www.yahoo.com/now/arctic-wolf-secures-200m-series-100000123.html |url-status=dead |archive-url=https://web.archive.org/web/20210206183210/https://www.yahoo.com/now/arctic-wolf-secures-200m-series-100000123.html |archive-date=2021-02-06 |access-date=2021-03-04 |website=www.yahoo.com |language=en-US}}
On July 19, 2021, Arctic Wolf secured $150M at Series F, tripling its valuation to $4.3B.{{cite web |last=Fitzgerald |first=Jaymin |date=2022-07-15 |title=The following are 10 cool cybersecurity products and tools |url=https://www.crn.com/news/security/the-10-coolest-cybersecurity-tools-and-products-in-2022-so-far-/1 |publisher=can.com}}{{cite web |date=2021-07-19 |title=Cyber Risk Protection Company Arctic Wolf Networks, Inc. |url=https://www.mg21.com/arcticwolf.html |publisher=mg21.com}}
References
{{reflist|30em}}