Today, I am proud to announce that our vision to end cyber risk has been backed by top tier investors, including Viking Global Investors, Owl Rock, a division of Blue Owl Capital and others in our Series F funding round of $150 million. Following this round, the company has achieved a valuation of $4.3 billion.
This milestone not only validates the massive market opportunity ahead of Arctic Wolf, but also underscores our unique ability to execute, innovate, and dominate as a category leader that truly solves the acute cybersecurity challenges facing businesses today.
Based on my 30 years of leadership experience in the IT and cybersecurity spheres, I recognize that our industry has an effectiveness problem—security companies constantly build solutions that are often disparate and ineffective, ultimately leaving organizations vulnerable to attacks. Companies continually increase their security budgets and add more tools and technologies, but ultimately this approach doesn’t reduce their cyber risk.
We founded Arctic Wolf nine years ago with a vision to change this paradigm. Since then, we have constantly set the leadership bar for Security Operations—combining best-in-class technology with human expertise and delivering it in a way that addresses day-to-day security needs while also ensuring that customers’ overall security postures get stronger over time. This approach actually reduces the likelihood and impact of a breach and can bring an end to cyber risk.
With our latest funding round, I’m proud to say that we’re seeing this mission come to life more and more each day. Customers across industries—from finance to e-commerce, to healthcare, and government—count on us for the highest level of protection against existing and emerging threats. This investment in Arctic Wolf will allow us to innovate our offerings, hire category experts, and expand our operations around the world. It will allow us to continue proving our value proposition and show customers worldwide that traditional security methods and technologies aren’t keeping pace with the evolving threat landscape. We will continue building a highly-scalable, cloud-native Security Operations platform to deliver unparalleled speed, capacity, effectiveness, and protection. It will help us bring an end to cyber risk—a mission that continues to be this company’s North Star.
Behind this incredible success and market validation stands our team—whom I believe are the best in security. We share an unwavering commitment to keeping customers safe and truly making an impact on their businesses. At scale, we are building a foundation so every organization, regardless of its size or resources, can stand up world-class Security Operations as a fully managed service. I want to thank our amazing and growing team for bringing their daily commitment to the Arctic Wolf mission and helping our customers and partners. This success wouldn’t have been possible without our partners who are an absolutely critical part of our growth engine. We look forward to breaking new records together this year and beyond!
Most importantly, I want to thank our customers, who are the reason we do what we do every day and why we are in business. We are proud to serve you and thank you for putting your trust in us! Look for even more from Arctic Wolf as we accelerate.
For additional information, read the press announcement here.