Arctic Wolf announces $16 million funding round
Arctic Wolf Networks announced a $16 million funding round Wednesday, boosting its SOC-as-a-service product. Led by Sonae Investment Management, the investment into the Sunnyvale, California company bolsters the coffers for a firm that is looking to scale up at a time when managed security services are gaining popularity. Lightspeed Venture Partners, Redpoint Ventures and Knollwood Investment Advisory also participated in the funding. Arctic Wolf sells a cloud security operations center (SOC) so that clients can subscribe into a ready-made SOC-as-a-service, instead of building out their own expensive and complex threat detection center. Arctic Wolf’s “Concierge Security Engineers” are meant to be an extension of any company’s normal IT team. The company’s founder and CEO is Brian NeSmith, who was formerly the CEO of Blue Coat Systems. Blue Coat, which sells Deep Packet Inspection technology among other products, was named an “enemy of the internet” in 2013 by Reporters Without Borders for selling potent surveillance […]
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