Arctic Wolf, a provider of security operations center-as-a-service (SOCaaS) and managed detection and response (MDR) services, has raised USD 150 million in a Series F funding round led by Viking Global Investors and Owl Rock. The round values the company at USD 4.3 billion, a more than three-fold increase from the USD 1.3 billion sticker price achieved during its last raise in October 2020. Arctic Wolf’s total funding now stands at USD 500 million. 

The company expects to use the money to fund product development, global expansion, and the hiring of 500 new employees. The company also expects to engage in 5 - 10 acquisitions over the next 12 months ahead of an eventual IPO.

Arctic Wolf recorded 100% year-over-year growth in annual recurring revenue for each of the past seven years. The company processes 1.2 trillion cybersecurity events per week and reports nearly 3,000 customers, 650 global partners, and over 40,000 trained sellers across the financial services, healthcare, government, and manufacturing sectors. Arctic Wolf has also announced plans to build its European headquarters in the UK and its first EU security operations center (SOC) in Germany by late 2021.

Founded in 2012, Arctic Wolf offers managed security services, including managed detection and response (MDR) services, managed cloud monitoring, and risk monitoring tools. The company provides an AI-based platform alongside a team of cybersecurity analysts to support enterprise cybersecurity teams with 24/7 threat monitoring and response.