202206 Oct

Announces the Closing of a $401 Million Convertible Notes Offering

Summary

Currently, Arctic Wolf serves over 3,000 customers that range from large enterprises to small and mid-sized businesses (SMBs), while working with a growing roster of over 1,100 channel partners worldwide that support our fast-paced, frictionless go-to-market model.In the last twelve months, Arctic Wolf has also doubled its headcount driven by expansion into new global markets including most recently, South Africa, Benelux, and the Nordics, as well as an upcoming launch into APAC. This international expansion follows on the heels of Arctic Wolf opening its EMEA headquarters in Newcastle, England and the establishment of its first European security operations center (SOC) in Frankfurt, Germany.As a leading technology company helping to define the security operations market, Arctic Wolf continues to develop new capabilities that advance its offering of a comprehensive range of technology and services designed to further the companys mission to end cyber risk. Arctic Wolfs continued growth and expansion amidst a tumultuous market is a testament to the strong value proposition of its one-stop cloud native platform coupled with its differentiated delivery model.Arctic Wolf addresses several of the key themes we see across the cybersecurity landscape: the challenge of monitoring and securing increasingly complex IT environments, the difficulty in keeping pace with sophisticated threat actors, the need to unify disparate and sprawling toolsets, and the major talent shortage in security said David Jar, managing director at Owl Rock, a division of Blue Owl Capital. Were thrilled to deepen our relationship with the management team as they continue their relentless focus on customers and executing against the market opportunity.This latest investment is a testament to our opportunity to unify the market at hand through our security operations platform, while solving the ever-present cyber talent crisis, said Nick Schneider, Arctic Wolfs president and chief executive officer. Gartner does not endorse any vendor, product or service depicted in this content nor makes any warranties, expressed or implied, with respect to this content, about its accuracy or completeness, including any warranties of merchantability or fitness for a particular purpose.Arctic Wolf\xae is a global leader in security operations, delivering a premier cloud-native security operations platform designed to end cyber risk.

Source: Arcticwolf

Funding

$401M
Amount
Oct 06 2022
Date
-
Investor
RootSecure
Company

Classifications

Companies