Arctic Wolf Networks is one of the largest managed detection and response providers, running a cloud-native security operations platform that serves as an outsourced SOC for thousands of mid-market and enterprise organizations. Their Concierge Security model assigns dedicated security engineers to each customer, blending technology with human expertise.
How the Platform Works
The core MDR service provides 24x7 monitoring, threat detection, and guided response across endpoints, networks, cloud, and identity sources. Arctic Wolf ingests and analyzes customer telemetry without requiring customers to deploy a proprietary SIEM.
Beyond MDR, the company offers Managed Risk for continuous vulnerability management and digital risk assessment. This includes external attack surface monitoring, account takeover detection, and compliance benchmarking. They also run Managed Security Awareness for phishing simulation and security training, plus on-demand incident response services with guaranteed response SLAs available to both MDR customers and non-customers through IR retainers.
Cylance Acquisition
In 2025, Arctic Wolf acquired Cylance from BlackBerry for approximately $160 million, a fraction of BlackBerry’s original $1.4 billion purchase price in 2018. The acquisition adds Cylance’s AI-driven endpoint prevention engine to Arctic Wolf’s platform, reducing dependence on third-party EDR vendors and enabling a fully integrated detection-to-response stack.
Funding and Growth
Arctic Wolf has raised over $900 million in venture funding, with a valuation exceeding $4.3 billion as of its 2021 Series F. The company has grown rapidly, reaching $541 million in revenue for 2024 and serving over 5,500 customers.
Market Position
Arctic Wolf is consistently recognized as a Leader in Frost & Sullivan’s MDR market analysis and a Strong Performer in the Forrester Wave for MDR. The company competes primarily with Sophos MDR, CrowdStrike Falcon Complete, and Palo Alto Unit 42 MDR.
Leadership
Nick Schneider serves as CEO after being promoted from President in 2022. Dan Schiappa, formerly Arctic Wolf’s CRO, now leads the company as Chief Product Officer.