The startup uses machine learning to automate the process of finding signs of malicious activity. It then combines the collected data with information about hacking campaigns from other sources and runs scans to find breach indicators.Īccording to Arctic Wolf, its platform processes more than 2.5 trillion cybersecurity-related data points every week. According to the startup, its platform automatically collects data about potential cybersecurity incidents from its customers’ technology environments. The startup, which now operates as an Arctic Wolf business unit, assists companies with the task of restoring systems affected by a breach.Īrctic Wolf detects and investigates hacking campaigns targeting its customers’ infrastructure with the help of an internally developed cybersecurity platform. When it identifies a hacking incident, Arctic Wolf helps contain the breach and provides the affected company with recommendations on what remediation steps should be taken.Įarlier this year, Arctic Wolf expanded the scope of its cybersecurity services by acquiring venture-backed incident response startup Tetra Defense. The startup can monitor a company’s infrastructure on its behalf for malicious activity and investigate potential hacking attempts. Since launching in 2012, Arctic Wolf has raised nearly $900 million from investors.Īrctic Wolf provides managed cybersecurity services designed to help companies protect their technology infrastructure from cyberattacks. Viking Global Investors, the Ontario Teachers’ Pension Plan and Neuberger Berman participated as well. Usually, such loans are structured in such a way that the startup receiving the financing can pay it back with shares if it goes public or raises an additional round of funding.Īrctic Wolf’s new offering was led by Owl Rock Capital. Arctic Wolf Networks Inc., a major provider of managed cybersecurity services, today announced that it has raised $401 million from investors through a convertible notes offering.Ī convertible note is a type of loan popular among startups.
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