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
Diversity: It's About Inclusion
Kelly Jackson Higgins, Executive Editor at Dark Reading,  4/25/2018
Coviello: Modern Security Threats are 'Less About the Techniques'
Kelly Sheridan, Staff Editor, Dark Reading,  4/24/2018
Register for Dark Reading Newsletters
White Papers
Video
Cartoon
Current Issue
How to Cope with the IT Security Skills Shortage
Most enterprises don't have all the in-house skills they need to meet the rising threat from online attackers. Here are some tips on ways to beat the shortage.
Flash Poll
[Strategic Security Report] Navigating the Threat Intelligence Maze
[Strategic Security Report] Navigating the Threat Intelligence Maze
Most enterprises are using threat intel services, but many are still figuring out how to use the data they're collecting. In this Dark Reading survey we give you a look at what they're doing today - and where they hope to go.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2017-0290
Published: 2017-05-09
NScript in mpengine in Microsoft Malware Protection Engine with Engine Version before 1.1.13704.0, as used in Windows Defender and other products, allows remote attackers to execute arbitrary code or cause a denial of service (type confusion and application crash) via crafted JavaScript code within ...

CVE-2016-10369
Published: 2017-05-08
unixsocket.c in lxterminal through 0.3.0 insecurely uses /tmp for a socket file, allowing a local user to cause a denial of service (preventing terminal launch), or possibly have other impact (bypassing terminal access control).

CVE-2016-8202
Published: 2017-05-08
A privilege escalation vulnerability in Brocade Fibre Channel SAN products running Brocade Fabric OS (FOS) releases earlier than v7.4.1d and v8.0.1b could allow an authenticated attacker to elevate the privileges of user accounts accessing the system via command line interface. With affected version...

CVE-2016-8209
Published: 2017-05-08
Improper checks for unusual or exceptional conditions in Brocade NetIron 05.8.00 and later releases up to and including 06.1.00, when the Management Module is continuously scanned on port 22, may allow attackers to cause a denial of service (crash and reload) of the management module.

CVE-2017-0890
Published: 2017-05-08
Nextcloud Server before 11.0.3 is vulnerable to an inadequate escaping leading to a XSS vulnerability in the search module. To be exploitable a user has to write or paste malicious content into the search dialogue.