Arctic Wolf Revenue, Valuation, Funding & Investors
Arctic Wolf is valued at $4.3B as of July 2021, a 21.5x revenue multiple. Arctic Wolf revenue was $200M, as disclosed with its latest round.
Last Arctic Wolf valuation
$4.3B
Series F · Jul 2021
Last Arctic Wolf funding round
$150M
Series F · Jul 2021
Arctic Wolf revenue
$200M
Series F · Jul 2021
Key investors in Arctic Wolf
Bright Pixel
Redpoint
Viking Global Investors
Knollwood Investment Advisory
Lightspeed Venture Partners
Unusual Ventures
About Arctic Wolf
Arctic Wolf is a privately held cybersecurity company founded in 2012 and headquartered in Eden Prairie, Minnesota. Its Aurora platform combines cloud software, security telemetry, artificial intelligence and human analysts to operate security functions for customer organizations. The product suite covers managed detection and response, endpoint protection, cloud security, risk management, security awareness, incident readiness and incident response. Dedicated Concierge Security teams monitor environments around the clock, investigate alerts and give customers remediation and program guidance. Arctic Wolf says the platform serves more than 10,000 organizations across 30 countries and processes trillions of security events each week. The company earns recurring revenue through managed-security and software subscriptions sold directly and through channel partners to commercial and public-sector customers. Bright Pixel first backed Arctic Wolf in January 2018, and the platform subsequently expanded its capabilities through acquisitions including RootSecure, RANK Software, Habitu8, Tetra Defense and vxIntel.
Founded
2012
HQ
Minneapolis, MNWebsite
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Revenue
$200M (Jul 2021)
Valuation
$4.3B (Jul 2021)
Arctic Wolf Valuation
Arctic Wolf is currently valued at $4.3B, based on its Series F in July 2021. Read the announcement ↗
The $150M round was led by Blue Owl Capital Inc. and Viking Global Investors, with participation from TriplePoint Capital.
Arctic Wolf's valuation has grown 27x from $160M at its Series C in October 2018 to $4.3B in July 2021, across 4 priced rounds.
Arctic Wolf valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Jul 2021 | Series F | $4.3B | 21.5x |
| Oct 2020 | Series E | $1.3B | 3.0x |
| Mar 2020 | Series D | $285M | - |
| Oct 2018 | Series C | $160M | - |
Arctic Wolf Revenue
Arctic Wolf's latest recorded revenue is $200M, as of its Series F in July 2021. At a $4.3B valuation, that implies a 21.5x revenue multiple.
Revenue moved from $438M in October 2020 to $200M in July 2021, while the revenue multiple moved from 3.0x to 21.5x.
Arctic Wolf revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Jul 2021 | $200M | $4.3B | 21.5x | Series F |
| Oct 2020 | $438M | $1.3B | 3.0x | Series E |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Arctic Wolf Funding History
Arctic Wolf has raised a total of $471M across 5 funding rounds.
Arctic Wolf's first fundraising round was a $16M Series B in January 2018. The most recent completed round was a $150M Series F in July 2021.
Arctic Wolf funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jul 2021 | Series F | Blue Owl Capital Inc. (lead); Viking Global Investors (lead); TriplePoint Capital | $150M | $4.3B | Arctic Wolf is a leader in security operations, offering cloud-native Security Operations Center (SOC)-as-a-Service and managed detection and response (MDR) solutions. The company protects over 5,000 global customers across 30 countries with its platform that processes 1.2 trillion security events weekly. On July 13, 2021, Arctic Wolf announced a $150 million Series F financing round led by Viking Global Investors and Owl Rock (a division of Blue Owl Capital), with other existing investors participating, achieving a $4.3 billion post-money valuation. The funding came nine months after a $200 million Series E at $1.3 billion valuation, tripling the company's value. Arctic Wolf reported doubling revenue and headcount in 2020, with 438% year-over-year ARR growth in large enterprise customers and approximately 3,000 total customers at the time of the round. By September 2021, the company reached $200 million in ARR, implying a 21.5x revenue multiple on the Series F valuation. It highlighted 100% year-over-year ARR growth for each of the prior seven years and rapid platform adoption, with nearly 60% of customers using three or more solutions. Proceeds from the Series F were intended to innovate offerings, hire experts, expand operations globally, and pursue mergers and acquisitions, including recent buys like RootSecure. Arctic Wolf expanded into EMEA and launched Managed Security Awareness training ahead of the round. The company has raised nearly $500 million in equity by mid-2021, with key investors including Viking Global and Blue Owl, positioning it as a fast-growing player in the cybersecurity market amid a 12.4% projected increase in global security spending to $150.4 billion that year. |
| Oct 2020 | Series E | Viking Global Investors (lead); DTCP | $200M | $1.3B | Arctic Wolf, a leader in cloud-native security operations and managed detection and response (MDR), raised $200 million in its Series E funding round on October 22, 2020, achieving a post-money valuation of $1.3 billion and unicorn status. The round was led by Viking Global Investors, with participation from DTCP and existing investors, following a $60 million Series D earlier in the year and bringing total funding to $378 million. The company, founded in 2012 and employing over 500 people at the time, announced its relocation of headquarters from Silicon Valley to Eden Prairie, Minnesota, to support economical scaling. Proceeds from the round were earmarked to accelerate new security operations offerings, expand into new markets, and strengthen its position in the MDR market, where Gartner forecasted 50% of organizations would use such services by 2025. Arctic Wolf's flagship product, Arctic Wolf Managed Detection and Response, helps mid-sized enterprises detect, respond to, and recover from cyber threats, processing approaching 1 trillion security events per week. The firm had transitioned to a 100% channel sales model, driving significant partner growth. Traction metrics highlighted robust year-over-year performance: 106% subscription revenue growth, 180% increase in enterprise customers, 301% growth in multi-solution customers, and 282% growth in channel partners. This funding positioned Arctic Wolf as the first cloud-native MDR vendor over $1 billion valuation, amid rising cybersecurity demands in remote work environments. |
| Mar 2020 | Series D | Blue Cloud Ventures (lead); Stereo Capital (lead); Delta-v Capital; Bright Pixel; NextEquity Partners | $60M | $285M | Arctic Wolf is a cybersecurity company providing security operations center (SOC)-as-a-service, offering managed detection and response (MDR) with dedicated security experts for threat detection, risk management, and predictable pricing to organizations of various sizes. On March 11, 2020, it raised $60 million in a Series D round led by Blue Cloud Ventures and Stereo Capital, with participation from Delta-v Capital, NextEquity Partners, and other new and existing investors, bringing total funding to over $148 million. The funds were intended to accelerate growth, introduce new service offerings, expand into new markets, build a war chest for future preparedness including potential small acquisitions, and position for an IPO within about 10 quarters or two-and-a-half years. The company demonstrated strong traction prior to the round, with revenue growing 4,300 percent over the past four years and expectations to double that year, alongside a more than 130 percent increase in customer base and doubling of its security team in the prior year. It was ranked 25th fastest-growing company in North America on Deloitte’s 2019 Technology Fast 500. Arctic Wolf had previously acquired RootSecure in December 2018 and raised $45 million in Series C in 2018 led by Future Fund. This Series D valued Arctic Wolf at an estimated $285 million post-money. The managed security market, particularly MDR and SOC-as-a-service, was fragmented with talent shortages and misaligned pricing, where Arctic Wolf aimed to lead by combining technology with expert analysts. Subsequent rounds included a $200 million Series E in October 2020 at $1.3 billion valuation. |
| Oct 2018 | Series C | Future Fund (lead); Adams Street Partners; Redpoint; Scale-Up; Bright Pixel; Unusual Ventures; Knollwood Investment Advisory | $45M | $160M | Arctic Wolf, founded in 2012, is a security operations center (SOC)-as-a-service company that provides managed detection and response (MDR) solutions to organizations of all sizes. The company delivers its award-winning, turnkey SOC-as-a-service offering through a platform that installs in minutes and leverages Concierge Security engineers combined with Hybrid AI to enable threat detection, response, and recovery from advanced cyber threats. In October 2018, Arctic Wolf announced a $45 million Series C funding round led by Future Fund, with participation from new investors Adams Street Partners and Unusual Ventures, alongside existing investors Lightspeed Venture Partners, Redpoint Ventures, Sonae Investment Management, and Knollwood Investment Advisory LLC. By this time, the company had raised a cumulative $91.2 million across all funding rounds and had achieved a 219 percent year-over-year customer growth rate since its 2012 founding, with headcount more than doubling to 166 employees across four North American offices. The funding was intended to accelerate company growth to meet demand for its SOC-as-a-service offering and expand internal vulnerability assessment and endpoint detection and response capabilities. |
| Jan 2018 | Series B | Bright Pixel (lead); Redpoint; Lightspeed Venture Partners; Knollwood Investment Advisory | $16M | - | Arctic Wolf raised $16 million in an additional Series B funding round in January 2018 led by Bright Pixel (formerly Sonae IM), with participation from Lightspeed Venture Partners and Redpoint. The funding aimed to enhance technology and increase market penetration for the cybersecurity company, which provides managed security operations solutions. This followed an earlier Series B round of $20 million in December 2012. |
Who has invested in Arctic Wolf?
16 investors have backed Arctic Wolf across its funding rounds, including Bright Pixel, Redpoint, Viking Global Investors, Knollwood Investment Advisory, Lightspeed Venture Partners and Unusual Ventures.
Lead investors include Blue Owl Capital Inc., Viking Global Investors, Blue Cloud Ventures, Stereo Capital, Future Fund and 1 other investor.
Arctic Wolf Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
 Maia | 3 | Lead | Jan 2018 | |
| San Francisco, CA | 2 | Participant | Jan 2018 | |
| Stamford, CT | 2 | Lead | Oct 2020 | |
| Baltimore, MD | 2 | Participant | Jan 2018 | |
| Chicago, IL | 1 | Participant | Oct 2018 | |
| New York City, NY | 1 | Lead | Jul 2021 | |
| San Francisco, CA | 1 | Participant | Oct 2018 | |
| Boulder, CO | 1 | Participant | Mar 2020 | |
| San Francisco, CA | 1 | Lead | Mar 2020 | |
| San Francisco, CA | 1 | Participant | Jan 2018 | |
| San Francisco, CA | 1 | Participant | Jul 2021 | |
 Melbourne | 1 | Lead | Oct 2018 | |
 Hamburg | 1 | Participant | Oct 2020 | |
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Start Free TrialAcquisitions by Arctic Wolf
Arctic Wolf has acquired 8 companies to date.
Last acquisition by Arctic Wolf was on February 23rd 2026. Arctic Wolf acquired Sevco Security for undisclosed valuation.
Latest Acquisitions by Arctic Wolf
| Description | Sevco Security was an Austin cybersecurity-software company founded in 2020. It developed a cloud-native asset-intelligence platform that built inventories of devices, users, applications and security controls from data already present in customer systems. Security and information-technology teams used the product to identify unmanaged assets, reconcile conflicting records and expose gaps in vulnerability and endpoint coverage. The platform supported attack-surface analysis, remediation workflows and continuous assessment rather than a periodic hardware inventory. Sevco sold subscription software to enterprises managing distributed technology estates. Arctic Wolf acquired the company in February 2026. The buyer said Sevco's technology would extend exposure assessment and improve visibility across the Aurora security-operations platform. | UpSight Security was a United States cybersecurity startup developing endpoint-protection technology. Its software used on-device artificial intelligence to identify malicious behaviour and stop ransomware before encryption or data exfiltration completed. The product also supported isolation of affected hosts and rollback or recovery after an attempted attack. Security teams could use those capabilities alongside existing endpoint and security-operations tooling rather than treating them as a standalone monitoring service. UpSight sold business-to-business security software and technical support. Arctic Wolf announced the acquisition of UpSight in November 2025. The buyer planned to integrate the technology into Aurora Endpoint Security to improve predictive ransomware prevention, containment and recovery across customer environments. | Revelstoke was a United States cybersecurity-software company founded in 2020. It developed a security orchestration, automation and response platform built around a unified data layer and a catalogue of integrations. Security operations teams used no-code workflows to connect alerts, cases and actions across products such as endpoint, identity, ticketing and threat-intelligence systems. The software was designed to automate repetitive investigation and response tasks while retaining context across tools. Revelstoke earned recurring subscription revenue from enterprises operating security operations centres. Arctic Wolf announced its intent to acquire the company in October 2023 and later completed the transaction. The acquired technology and employees were incorporated into Arctic Wolf's security-operations platform to expand automated response capabilities. | vxIntel is a Canadian cyber-threat-intelligence software company founded in 2017 and based in Kitchener, Ontario. It operates a malware-intelligence platform that collects files, URLs, domains and technical metadata from public and proprietary sources. Security vendors, government agencies, managed security providers and malware researchers use its feeds and application programming interface to enrich detection products and investigations. At the time it joined Arctic Wolf, the platform analyzed more than 500,000 files per day and more than 10 terabytes of data per month from over 100 sources. Its archive contained hundreds of millions of historical malware samples and supported automated search, reporting and sample retrieval. The business sells subscription access and data feeds to organizations rather than a consumer security application. Arctic Wolf continues to offer the service under the Arctic Wolf vxIntel name as part of its threat-intelligence product set. | |
| HQ Country | | | |  | |
| HQ City | Austin, TX | Portland, OR | San Jose, CA | Kitchener | |
| Deal Date | 23 Feb 2026 | 4 Nov 2025 | 10 Oct 2023 | 8 Sep 2022 | |
| Valuation | undisclosed | undisclosed | undisclosed | undisclosed | |
| EV/Revenue | |||||
| EV/EBITDA | |||||
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Arctic Wolf Competitors
Arctic Wolf competitors include listed companies like Clear Secure and BlackBerry, and private ones like Vanta, OneTrust, Cato Networks and Upwind Security.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| San Francisco, CA | Private | $220M | - | $4.2B | 18.9x | |
| Atlanta, GA | Private | $400M | - | $4.5B | 11.3x | |
| United States | Publicly listed | $901M | $216M | $4.7B | 3.6x | |
 Tel Aviv | Private | $250M | - | $4.8B | 19.2x | |
| San Francisco, CA | Private | - | - | $3.8B | - | |
| Canada | Publicly listed | $549M | $83M | $4.9B | 7.9x |
Arctic Wolf Public Comps
Arctic Wolf is still privately-owned, but its public comps include Clear Secure, BlackBerry, AvePoint, Glory View Technology, Tenable, Cellebrite, Varonis Systems, NetScout Systems, Trend Micro and QiAnXin.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $901M | $216M | 4.4x | 3.6x | 18.1x | 10.8x | |||
| $549M | $83M | 8.7x | 7.9x | 57.7x | 34.1x | |||
| $419M | $42M | 7.7x | 6.5x | 76.3x | 35.9x | |||
| $178M | $54M | 27.1x | 27.8x | 89.4x | 91.2x | |||
| $999M | $31M | 5.7x | 5.3x | 180.0x | 20.0x | |||
| $476M | $79M | 5.5x | 4.8x | 33.3x | 17.5x | |||
| $624M | ($147M) | 8.7x | 7.5x | (36.8x) | 199.0x | |||
| $859M | $163M | 2.6x | 2.5x | 13.5x | 9.1x | |||
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Common questions about Arctic Wolf
| When was Arctic Wolf founded? | Arctic Wolf was founded in 2012. |
| Where is Arctic Wolf headquartered? | Arctic Wolf is headquartered in Minneapolis, MN, United States. |
| Is Arctic Wolf publicly listed? | No, Arctic Wolf is a private, VC-backed company. |
| What is Arctic Wolf's valuation? | Arctic Wolf was last valued at $4.3B in its Series F in July 2021. |
| How much funding has Arctic Wolf raised? | Arctic Wolf has raised $471M across 5 funding rounds. |
| What was Arctic Wolf's last funding round? | Arctic Wolf's last funding round was a $150M Series F in July 2021, led by Blue Owl Capital Inc. and Viking Global Investors. |
| Who are Arctic Wolf's investors? | Arctic Wolf's investors include Bright Pixel, Redpoint, Viking Global Investors, Knollwood Investment Advisory, Adams Street Partners, Blue Owl Capital Inc., Scale-Up, Delta-v Capital, Stereo Capital, Lightspeed Venture Partners and 6 others. |
| What is Arctic Wolf's revenue? | Arctic Wolf's latest recorded revenue is $200M (July 2021). |
| What is Arctic Wolf's revenue multiple? | Arctic Wolf's latest valuation implies a 21.5x revenue multiple ($4.3B valuation on $200M of revenue). |
| Which companies are comparable to Arctic Wolf? | Companies comparable to Arctic Wolf include Vanta, OneTrust, Clear Secure, Cato Networks, Upwind Security and BlackBerry. |
| How many companies has Arctic Wolf acquired? | Arctic Wolf has acquired 8 companies, including Sevco Security, UpSight Security, Revelstoke, vxIntel and Tetra Defense. |
| What was the largest acquisition by Arctic Wolf? | The $2M acquisition of Habitu8 in September 2021 is the largest acquisition Arctic Wolf has made to date. |
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