Security News
10 Cool Tech Companies That Raised Funding In July 2021
Rick Whiting
Next-generation technology developers in cybersecurity, AI, big data management and the Internet of Things were among the startup companies that reported new rounds of funding in July.
Arctic Wolf
Headquarters: Eden Prairie, Minn.
CEO: Brian NeSmith
Funding: The $150 million Series F round of funding brings the company’s valuation to $4.3 billion.
Investors: Viking Global Investors, Owl Rock (a division of Blue Owl Capital) and other existing investors participated in the round.
What the company does: Arctic Wolf develops security operations, managed detection and response, and managed security awareness systems.
CEO Quote: “Since the founding of the company, we believed that the security operations market is ripe for disruption as existing solutions were failing customers and not keeping pace with the increased sophistication of cyberattacks. The valuation we received during this funding round is not only a testament to our enormous success in establishing Arctic Wolf as the leader in security operations, but also speaks to the explosive global demand we are seeing from organizations looking to protect their hybrid work environments, drive secure cloud adoption, and formulate an actionable strategy to end cyber risk.”
