Arctic Wolf Networks
Financials
Estimates*
USD | 2021 | 2022 | 2023 |
---|---|---|---|
Revenues | 136m | 200m | 236m |
% growth | - | 47 % | 18 % |
Source: Dealroom estimates
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
N/A | $7.2m | Series A | |
$20.0m | Series B | ||
$16.0m | Series B | ||
$45.0m | Series C | ||
* | $60.0m | Series D | |
$200m Valuation: $1.3b | Series E | ||
$150m Valuation: $4.3b | Series F | ||
N/A | Secondary | ||
* | $401m | Convertible | |
Total Funding | €817m |
Recent News about Arctic Wolf Networks
EditArctic Wolf is a cybersecurity company that provides around-the-clock protection tailored to the specific needs of organizations. The company operates in the cybersecurity market, which is essential for businesses that need to protect their data and systems from cyber threats. Arctic Wolf serves a wide range of clients, including law firms like Steptoe and Johnson LLP and financial institutions such as Valley Strong Credit Union.
The business model of Arctic Wolf revolves around its innovative platform and a unique concierge delivery model. This means they offer a cloud-native platform combined with a dedicated team of experts who work closely with clients to ensure their security needs are met. This approach helps organizations avoid the common pitfalls of overinvesting in multiple security tools and suffering from alert fatigue, which is when security teams are overwhelmed by too many alerts and can't effectively respond to them.
Arctic Wolf makes money by providing these comprehensive cybersecurity services on a subscription basis. Clients pay for continuous monitoring and protection, which includes establishing or augmenting their Security Operations Center (SOC) with 24x7 coverage. The company also offers tools like the Total Cost of Ownership Calculator to help organizations understand the financial benefits of their solutions, including potential savings and a high return on investment (ROI).
In summary, Arctic Wolf is a cybersecurity company that offers tailored, 24x7 protection through a cloud-native platform and a dedicated concierge team. They serve various industries, helping clients save money and improve their security posture by avoiding overinvestment in multiple tools and reducing alert fatigue.
Keywords: cybersecurity, 24x7 protection, cloud-native, concierge team, tailored solutions, SOC, subscription model, ROI, alert fatigue, cost-effective.