Arctic Wolf Lands $45 Million in New Funding

Arctic Wolf Networks, a leading security operations center (SOC)-as-a-service company, raised $45 million in a Series C funding round led by Future Fund with participation from new investors Adams Street and Unusual Ventures, as well as existing investors Lightspeed Venture Partners, Redpoint Ventures, Sonae Investment Management, and Knollwood Investment Advisory, LLC. To date, Arctic Wolf has raised $91.2 million.

Since its founding in 2012, Arctic Wolf claims it has achieved a 219% year-over-year customer growth rate, and in the last year more than doubled staffing, increasing to 166 employees working across the company’s four North American offices, including a new office location in Minneapolis.

This round validates the company’s leadership position during a period of exponential growth for the security services market. Arctic Wolf plans to use the new funding to accelerate company growth and meet the demand for its SOC-as-a-service offering.