Arctic Wolf was founded in 2012 by Brian NeSmith and Kim Tremblay. NeSmith has described an IPO as the company's "most likely outcome," though CEO Nick Schneider has declined to comment on specific plans or timelines. These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Arctic Wolf is a cybersecurity firm that specializes in managed detection and response. In 2019 and 2020 the company was included on Deloitte's list of the 500 fastest growing tech companies in North America. Since 2018, Arctic Wolf has acquired four companies, and in 2021 NeSmith said that "I expect that over the next year we’ll probably do between five and 10 acquisitions." The company has raised $498 million in venture capital funding from investors including Owl Rock, Viking Global, DTCP, NextEquity Partners, Delta-v Capital, and Blue Cloud Ventures. A $150 million Series F round increased the company's valuation from $1.3 billion to $4.3 billion.