Arctic Wolf Networks, a Sunnyvale, CA-based security operations center (SOC)-as-a-service company, raised $45m in Series C funding.
The round was 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 $91.2m.
The company intends to use the funds to accelerate growth and meet the demand for its SOC-as-a-service offering.
Founded in 2012 by Brian NeSmith, CEO, Arctic Wolf provides a SOC-as-a-Service that installs in minutes and delivers threat detection and fewer false positives by leveraging Concierge Security™ engineers and Hybrid AI. AWN CyberSOC™ includes 24×7 monitoring, custom alerting and incident investigation and response.
The service includes a proprietary cloud-based Security Information and Event Management, threat intelligence subscriptions and all the expertise and tools required.
The company currently has 166 employees working across the company’s four North American offices, including a new office location in Minneapolis.