![]() ![]() ![]() So the manner in which we’re building Arctic Wolf, in which we have built Arctic Wolf from day one, really resonates with customers. “You need to be flexible with the talent that the customer has within their own environment, and you need to unify what has historically been a pretty disparate market. ![]() “You need to be agnostic in the tools and the technology that the customer uses,” Schneider said. The answer, he added, is a vendor-agnostic, security-operations approach that provides customers with a platform that works with their existing products and infrastructure. “The approach that you can solve for every attack surface, and every threat vector with a new product or a new piece of technology does not work in cybersecurity.” And quite frankly, we agree,” Schneider said. “What we’re hearing from the customers is that they feel like the cybersecurity industry has failed them. That’s the opportunity for Arctic Wolf.”ĭespite the projected spending increase on information security and risk management technology, organizations still suffer breaches, and these attacks are also growing exponentially in scale and cost. Security’s still looking for that category-defining platform, and that’s our goal. “And the reason for the market being so significant is that it’s really poised for consolidation. “It’s a massive market,” Schneider said in an interview with SDxCentral. In a series of big moves for the security operations startup, Arctic Wolf elevated its president, Nick Schneider, to CEO less than a month after closing a $150 million Series F funding round that boosted its valuation to $4.3 billion.Īrctic Wolf’s original CEO Brian NeSmith, who co-founded the company in 2012, will move into the executive chairman role as the cybersecurity unicorn eyes an initial public offering (IPO) in the next year - and a $150.4 billion market opportunity. ![]()
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