Threat Intelligence

1/10/2018
12:00 AM
Dark Reading
Dark Reading
Products and Releases
100%
0%

Arctic Wolf Secures $16M in New Funding

New Funding to accelerate growth in rapidly expanding security operations center-as-a-service market.

SUNNYVALE, Calif.-Arctic Wolf Networks, a security operations center (SOC)-as-a-service company, today announced it has raised $16 million in new funding, led by Sonae Investment Management with participation from Lightspeed Venture Partners, Redpoint Ventures and Knollwood Investment Advisory. The latest infusion enables Arctic Wolf to address the soaring demand for SOC services. The new funding will fuel growth in all aspects of the business, including sales and marketing, product development and strategic alliances.

“Security operations centers are an essential element of modern cybersecurity, and every company needs one,” said Brian NeSmith, CEO and co-founder of Arctic Wolf. “We are transforming how companies look at cybersecurity from a product-centric view to one focused on proactive detection and response. The new funding allows us to invest in key areas of the business and maintain our extraordinary growth trajectory.”

Arctic Wolf provides a turnkey SOC-as-a-Service that installs in minutes and provides value from day one. The award-winning AWN CyberSOC service delivers threat detection and fewer false positives by leveraging several key innovations:

  • Concierge Security Engineer (CSE) acts as the single point of contact for a customer’s security needs. The CSE is a trusted security advisor and an extension of a customer’s internal team.
  • Hybrid AI demonstrably identifies more attacks, reduces false positives and accelerates the time between detection and responses. It merges a security engineer’s intelligence and intuition with the efficiency and productivity of artificial intelligence.
  • Custom Rule Engine (CRulE) Intentions provide unlimited flexibility to tailor our services to your exact needs. It allows the CSE to configure specific security and operational policies, updating them as needed to align with a customer’s changing business requirements.
  • Security Optimized Data Architecture (SODA)unifies the ingestion, storage, parsing and analysis of network traffic and log data. It provides the foundation for the security analytics that give our security engineers deep visibility into your security posture.

“Arctic Wolf is the leading SOC-as-a-Service company with disruptive innovations that will change the security services landscape,” said Carlos Alberto Silva, executive director at Sonae Investment Management. “They are defining the market and gaining tremendous market recognition for their visionary approach to helping companies secure their networks.”

“Arctic Wolf is solving one of the hardest problems in security, and this funding furthers investment in technology and personnel to strengthen the company’s ability to meet the growing demand for its service,” said John Vrionis, partner at Lightspeed Venture Partners. “We are excited by their market traction, and we look forward to working with them as they scale the company for growth.”

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
What We Talk About When We Talk About Risk
Jack Jones, Chairman, FAIR Institute,  7/11/2018
Ticketmaster Breach Part of Massive Payment Card Hacking Campaign
Jai Vijayan, Freelance writer,  7/10/2018
7 Ways to Keep DNS Safe
Curtis Franklin Jr., Senior Editor at Dark Reading,  7/10/2018
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Write a Caption, Win a Starbucks Card! Click Here
Latest Comment: Locked device, Ha! I knew there was another way in.
Current Issue
Flash Poll
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2018-14337
PUBLISHED: 2018-07-17
The CHECK macro in mrbgems/mruby-sprintf/src/sprintf.c in mruby 1.4.1 contains a signed integer overflow, possibly leading to out-of-bounds memory access because the mrb_str_resize function in string.c does not check for a negative length.
CVE-2018-14329
PUBLISHED: 2018-07-17
In HTSlib 1.8, a race condition in cram/cram_io.c might allow local users to overwrite arbitrary files via a symlink attack.
CVE-2018-14331
PUBLISHED: 2018-07-17
An issue was discovered in XiaoCms X1 v20140305. There is a CSRF vulnerability to change the administrator account password via admin/index.php?c=index&a=my.
CVE-2018-14333
PUBLISHED: 2018-07-17
TeamViewer through 13.1.1548 stores a password in Unicode format within TeamViewer.exe process memory between "[00 88] and "[00 00 00]" delimiters, which might make it easier for attackers to obtain sensitive information by leveraging an unattended workstation on which TeamViewer has ...
CVE-2018-14334
PUBLISHED: 2018-07-17
manager/editor/upload.php in joyplus-cms 1.6.0 allows arbitrary file upload because detection of a prohibited file extension simply sets the $errm value, and does not otherwise alter the flow of control. Consequently, one can upload and execute a .php file, a similar issue to CVE-2018-8766.