Arctic Wolf, a cybersecurity business based in Eden Prairie, Minnesota, raised $401 million through a convertible note offering, which was led by current investor Owl Rock, a unit of Blue Owl Capital. Other investors included Viking Global Investors, the Ontario Teachers’ Pension Plan, and funds advised by Neuberger Berman.
“This recent investment is a tribute to our ability to use our security operations platform to unify the market at hand while resolving the ongoing cyber talent problem. We are closing the security operations gap that companies of all sizes are facing by offering our comprehensive platform to our customers. Nick Schneider, president and chief executive officer of Arctic Wolf, said, “We are eager to take advantage of this most recent fundraising round to continue our hypergrowth adventure.
The Arctic Wolf Security Operations Cloud has grown to become a leading data platform in cybersecurity, processing more than 2.5 trillion security events every week, the business stated in a statement. This news marks another significant step in Arctic Wolf’s development.
At present, Arctic Wolf works with over 1,100 channel partners globally to support our quick and frictionless go-to-market methodology. Our customers currently number over 3,000 and span from large corporations to small and mid-sized businesses (SMBs).
The growth into new international markets, most recently South Africa, Benelux, and the Nordics, as well as an upcoming entry into APAC, has caused Arctic Wolf to quadruple its headcount over the past year.
We’re excited to strengthen our relationship with Arctic Wolf. Many firms lack the knowledge and resources necessary to protect themselves from the increasing problems of today. Ilan Aharoni, vice president at Owl Rock, a branch of Blue Owl Capital, stated that Arctic Wolf’s ongoing development and expansion in the middle of a volatile market is a tribute to the strong value proposition of its one-stop cloud native platform coupled with its differentiating delivery approach.
Arctic Wolf, according to David Jar, managing director at Owl Rock, “addresses several of the key themes we see across the cybersecurity landscape, including the challenge of monitoring and securing increasingly complex IT environments, the challenge of keeping up with sophisticated threat actors, the need to unify disparate and sprawling toolsets, and the significant talent shortage in security.”
“We’re happy to strengthen our partnership with the management team as they keep executing on the market opportunity and maintaining a persistent focus on customers.”
