Revelstoke, founded in 2020, offers a platform that automates security processes and integrates AI and large language models into its core platform. Arctic Wolf, founded in 2012, has over 2,000 employees and was last valued at $4.3 billion. The company has made three acquisitions to date and has over 3,000 customers worldwide. Arctic Wolf's CEO Nick Schneider has previously indicated that the company may go public in 2022.
Key takeaways:
- Arctic Wolf, a cybersecurity company, has announced plans to acquire Revelstoke, a firm developing a security orchestration, automation and response (SOAR) platform, for an undisclosed amount.
- Arctic Wolf's chief product officer, Dan Schiappa, stated that the acquisition would enhance the company's ability to detect and respond to cybersecurity attacks more quickly and comprehensively.
- Revelstoke's team will join Arctic Wolf, with Revelstoke’s co-founder and CEO, Bob Kruse, transitioning into Arctic Wolf’s product-line sales team.
- This is Arctic Wolf's third acquisition, following its purchase of RootSecure and Tetra Defense. The company, which has over 2,000 employees, was reportedly last valued at $4.3 billion.