Cybersecurity leader ranks #17 overall for security operations innovation
EDEN PRAIRIE, MN – May 17, 2022 –Arctic Wolf®, a leader in security operations, today announced that it was named to the 2022 CNBC Disruptor 50 list. The list identifies fast-growing, innovative start-ups and Arctic Wolf is being recognized for its role in bringing security operations to organizations of virtually any sizes. This comes on the heels of a series of recent recognitions for Arctic Wolf’s innovation and industry leadership, including being named to Fast Company's List of the World's 50 Most Innovative Companies.
As the number of cyberattacks continue to rise, companies are struggling to keep up with the evolving threat landscape. Since its founding, Arctic Wolf has been on a mission to end cyber risk. Arctic Wolf is tackling digital threats through an operations-first approach with its Security Operations Cloud. This makes it fast and easy for organizations to have 24x7 security operations for a fraction of the cost of other legacy alternatives.
“Recent events have shown us that delivering just another tool or a people-powered service is largely not enough to meet the security needs of modern enterprises,” said Nick Schneider, Arctic Wolf’s president and chief executive officer. “We’re empowering our customers by giving them a comprehensive system-of-record that is designed to seamlessly unify dispersed security tools and help enable organizations achieve effective security outcomes, coupled with a progressive security journey towards cyber resilience. We’re honored to be on this list and believe this win further validates our mission to end cyber risk.”
Effectively reducing the noise for inundated security teams, Arctic Wolf is simplifying cybersecurity operations through its Security Operations Cloud. The Arctic Wolf Security Operations Cloud streamlines automated threat detection by swiftly ingesting data from endpoint, network, identity and cloud sources through its Open XDR architecture and turning that data into actionable insights for customers, minimizing false positives and alert fatigue.
In the past year, Arctic Wolf has seen significant growth and demand for its business. In July 2021, the company raised $150 million in Series F financing. Amplifying its business momentum, Arctic Wolf also expanded its incident response capabilities through its acquisition of Tetra Defense. In addition, the company expanded its operations to EMEA and opened its first European Security Operations Center (SOC) in Frankfurt, Germany.
Further indicating its leadership in the market, Arctic Wolf was named a Leader in the IDC MarketScape: U.S. Managed Detection and Response Services 2021 Vendor Assessment. Arctic Wolf was also the highest grossing vendor in Managed Detection and Response (MDR) Managed Security Service market share by revenue in 2021 according to Gartner’s report, Market Share: Managed Security Services, Worldwide, 2021.
For the 2022 selection process, CNBC received more than 1,400 nominations for the Disruptor 50 list. All the submissions went through a comprehensive evaluation process, including quantitative and qualitative criteria. This year, quantitative metrics included workforce size and diversity, scalability and sales and user growth. CNBC’s Disruptor 50 Advisory Council, comprised of leaders in the fields of innovation and entrepreneurship, provided input for the quantitative criteria, while a team of CNBC editorial staff provided qualitative assessments of all nominated companies.
For the full list of CNBC Disruptor companies, please visit 2022 CNBC Disruptor 50.
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 IDC MarketScape: U.S. Managed Detection and Response Services Vendor Assessment, August 2021, Doc # US48129921
 Gartner, “Market Share: Managed Security Services, Worldwide, 2021”, Hardeep Singh, Mark Wah, April 11, 2022
About Arctic Wolf:
Arctic Wolf® is a global leader in security operations, delivering a premier cloud-native security operations platform designed to end cyber risk. Powered by threat telemetry spanning endpoint, network, and cloud sources, the Arctic Wolf® Security Operations Cloud ingests and analyzes more than two trillion security events a week across the globe, enabling critical outcomes for security use cases and optimizing customers’ disparate security solutions. The Arctic Wolf® Platform delivers automated threat detection and response at scale, and empowers organizations of virtually any size to establish world-class security operations with the push of a button.
© 2022 Arctic Wolf Networks, Inc., All Rights Reserved. Arctic Wolf, Arctic Wolf Platform, Arctic Wolf Managed Detection and Response, Arctic Wolf Managed Risk, Arctic Wolf Managed Cloud Monitoring, Arctic Wolf Managed Security Awareness, and Arctic Wolf Concierge Security Team are either trademarks or registered trademarks of Arctic Wolf Networks, Inc. or Arctic Wolf Networks Canada, Inc. and any subsidiaries in Canada, the United States, and/or other countries.