Arctic Wolf Raises $200M Series E Financing
Gunderson Dettmer represented client Arctic Wolf, the leader in security operations, in its $200M Series E financing at a valuation of $1.3 billion. The funding round led by Viking Global will enable Arctic Wolf to accelerate the introduction of new security operations offerings, address new markets, and further cement its leadership position in the security operations and managed detection and response (MDR) markets.
In the announcement of the transaction co-founder and CEO of Arctic Wolf Brian NeSmith said, “Every year, businesses continue to make significant new investments in cybersecurity tools, yet we still see breaches in the headlines. The rapid growth of Arctic Wolf is being driven by organizations realizing that they don’t have a tools problem, but an operational one, and that they can’t solve their security operations challenges on their own. Whether a small business or a large enterprise, the Arctic Wolf Platform is built to meet their cybersecurity needs, and this new round of funding will allow us to rapidly scale our business so that we can keep even more organizations safe from cyberattacks. ”
The Gunderson deal team was led by Dan O’Connor and included Jesse Birbach, Matthew Weber and John Paul Karas.