On Episode 62, Kevin and Jac welcome Nick Schneider, Chief Revenue Officer of Arctic Wolf to talk about the company’s latest raise, valuation, and their headquarters moving to Minnesota.
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About The tech.mn Podcast
This is a podcast for tech and entrepreneurship in Minnesota. Kevin McArdle, owner of SureSwift Capital, and Jac Stark, Community Manager for tech.mn set out to tell the stories of the individuals that make up the Minnesota tech and startup capital of the North. Join us every Tuesday as we interview people from across the ecosystem about their journeys.
Catch up on some on some of the latest Arctic Wolf news:
What to know about the Arctic Wolf relocation, funding round, and valuation:
- The Series E funding round totaled $200 million and was led by Viking Global Investors with additional input from DTCP and existing investors
- The additional funding will, “enable Arctic Wolf to accelerate the introduction of new security operations offerings, address new markets, and further cement its leadership position in the security operations and managed detection and response (MDR) markets.”
- The funding also makes Arctic Wolf the “first and only” cloud-native MDR vendor to reach a valuation of more than $1 billion ($1.3 billion)
- The Arctic Wolf relocation will see its global headquarters moved from California to Eden Prairie
- Over the last four years, the Eden Prairie team has grown to more than 200 employees