Arctic Wolf, the US-based cybersecurity concierge service provider backed by telecommunications firm Deutsche Telekom and retail group Sonae, secured $150m in series F funding yesterday at a $4.3bn valuation.
The round featured investment manager Viking Global Investors, asset manager Blue Owl Capital’s Owl Rock subsidiary and undisclosed existing investors.
Artic Wolf combines a cloud-based software platform and a team of security operations experts to provide cybersecurity services including threat detection and response as well as cloud monitoring. It will use the series F funding to bring new products to market and expand its operations globally.
The company has now raised $501m since it was founded in 2012. Sonae subsidiary Sonae Investment Management led its $16m series B round in January 2018, investing with Lightspeed Venture Partners, Redpoint Ventures and Knollwood Investment Advisory.
All the series B investors contributed to a $45m series C round for the company in October the same year that was led by the Australian government’s Future Fund and backed by Adams Street Partners and Unusual Ventures.
Blue Cloud Ventures and Stereo Capital co-led a $60m series D round for Arctic Wolf in March 2020 that also featured Delta-v Capital, NextEquity Partners and unspecified new and existing backers.
The company received $200m in a October 2020 series E round led by Viking Global that included Deutsche Telekom’s corporate venturing vehicle, DTCP, as well as unnamed existing investors. That round valued the company at $1.3bn.