Arctic Wolf Networks Secures $16 Million in Funding

Security company Arctic Wolf Networks announced that it has raised $16 million in new funding, led by Sonae Investment Management and with participation from Lightspeed Venture Partners, Redpoint Ventures and Knollwood Investment Advisory.

Arctic Wolf Networks’ “security operations center (SOC)-as-a-service” has its goal to redefine the economics of security. The company’s SOC platform is anchored by Concierge Security Engineers and includes 24×7 monitoring, custom alerting and incident investigation and response. There is no hardware or software to purchase, and the end-to-end service includes proprietary cloud-based security information and event management, threat intelligence subscriptions and related expertise and tools.