
Cybersecurity leader recognized amidst continued global demand for security operations and advanced new capabilities for its cloud-native platform
EDEN PRAIRIE, MN – August 6, 2024 – Arctic Wolf®, a global leader in security operations, has been named to the Forbes 2024 Cloud 100, the definitive ranking of the top 100 private cloud companies in the world, published by Forbes in partnership with Bessemer Venture Partners and Salesforce Ventures for a third consecutive year.
As organizations across the globe continue to deal with the operational challenges of both a heightened threat landscape and ongoing security talent shortage, more than 5,700 companies now trust Arctic Wolf the help make cybersecurity work within their business. The Arctic Wolf Platform operates as one of the marquee industry platforms at scale, delivering positive security outcomes through a combination of its open-XDR architecture and advanced AI-algorithms. The technology ingests, parses, enriches, and analyzes more than 5.5 trillion security events per week to provide game-changing noise reduction that turns thousands of daily security alerts into an average of a single actionable ticket for customers each day.
“The Arctic Wolf Platform continues to establish itself as the open security platform-of-choice for organizations seeking an innovative approach to enhance their security posture, build resilience, and defend against modern threat actors,” said Dan Schiappa, chief product and services officer, Arctic Wolf. “Being named to the Forbes Cloud 100 for a third year in a row is a tremendous honor for Arctic Wolf, and further validates not only our platform’s ability to defend at the speed of data, but also its place as one of the top cloud platforms in the world.”
With this recognition, Arctic Wolf continues to prove its place as a leading technology company that is defining the security operations market with highly-differentiated expansions and advancements in its security offerings, including the recently launched Arctic Wolf Cyber Resilience Assessment and the introduction of a no cost version of its Cyber JumpStart Portal. In the last 12 months, Arctic Wolf has also been named to the CNBC Disruptor 50 for a third consecutive year, the Deloitte Technology Fast 500™ for a fifth consecutive year, and was named a Leader in the 2024 IDC MarketScape for Worldwide Managed Detection and Response Services.
For the ninth consecutive year, the Cloud 100 reviews submissions from hundreds of cloud startups and private companies each year. The Cloud 100 evaluation process involved ranking companies across four factors: market leadership (35%), estimated valuation (30%), operating metrics (20%), and people & culture (15%). For market leadership, the Cloud 100 enlists the help of a judging panel of public cloud company CEOs who assist in evaluating and ranking their private company peers.
“Across nine years of data, we have yet to see as competitive of a cohort as the 2024 Cloud 100. The list value reached $820 billion this year, the highest list value in Cloud 100 history,” said Mary D’Onofrio, partner at Bessemer Venture Partners. “Unsurprisingly, AI is now the highest valued category. We continue to be excited by how AI companies are scaling rapidly, transforming the cloud, and propelling the next wave of growth, driving a massive year-over-year jump in market cap of the list of over $150 billion.
“The past year, our industry has seen a generational step forward in innovation, and with AI leading the charge, we are witnessing one of the most important platform shifts in decades,” said Paul Drews, managing partner at Salesforce Ventures. “The Cloud 100 list represents the best of the best, and we’ve never been more excited about what the future holds, not only for the cloud but for the entire technology industry. We are proud of what these founders and their communities have already accomplished, and look forward to seeing how they continue to transform the industry in the future.”
The Forbes 2024 Cloud 100 and 20 Rising Stars lists are published online at www.forbes.com/cloud100. Highlights of the list appear in the August/September 2024 issue of Forbes magazine.
This year, the CEOs of The Cloud 100 and the 20 Rising Stars companies will be honored with a digital content launch, as well as at the exclusive Cloud 100 Celebration hosted by Bessemer Venture Partners, Salesforce Ventures, and Forbes. A special thank you to the event sponsors, including Amazon Web Services (AWS), Bank of America, Cooley, Deloitte, Goldman Sachs, HSBC, J.P. Morgan, Morgan Stanley, and Nasdaq.
About Arctic Wolf
Arctic Wolf® is a global leader in security operations, enabling customers to manage their cyber risk in the face of modern cyber-attacks via a premier cloud-native security operations platform. The Arctic Wolf Security Operations Cloud ingests and analyzes more than 5.5 trillion security events a week to help enable cyber defense at an unprecedented capacity and scale, empowering customers of virtually any size across a wide range of industries to feel confident in their security posture, readiness, and long-term resilience. By delivering automated threat protection, response, and remediation capabilities, Arctic Wolf delivers world-class security operations with the push of a button so customers can defend their greatest assets at the speed of data.
About Bessemer Venture Partners
Bessemer Venture Partners helps entrepreneurs lay strong foundations to build and forge long-standing companies. With more than 145 IPOs and 300 portfolio companies in the enterprise, consumer and healthcare spaces, Bessemer supports founders and CEOs from their early days through every stage of growth. Bessemer’s global portfolio has included Pinterest, Shopify, Twilio, Yelp, LinkedIn, PagerDuty, DocuSign, Wix, Fiverr, and Toast and has more than $18 billion of assets under management. Bessemer has teams of investors and partners located in Tel Aviv, Silicon Valley, San Francisco, New York, London, Hong Kong, Boston, and Bangalore. Born from innovations in steel more than a century ago, Bessemer’s storied history has afforded its partners the opportunity to celebrate and scrutinize its best investment decisions (see Memos) and also learn from its mistakes (see Anti-Portfolio).
About Forbes
Forbes champions success by celebrating those who have made it, and those who aspire to make it. Forbes convenes and curates the most influential leaders and entrepreneurs who are driving change, transforming business and making a significant impact on the world. The Forbes brand today reaches more than 140 million people worldwide through its trusted journalism, signature LIVE and Forbes Virtual events, custom marketing programs and 43 licensed local editions in 69 countries. Forbes Media’s brand extensions include real estate, education and financial services license agreements.
About Salesforce Ventures
Salesforce Ventures helps enterprising founders build companies that reinvent the way the world works. For over 15 years, we’ve invested in and partnered with more than 400 of the world’s most tenacious enterprise software companies from seed to IPO, including Airtable, Databricks, DocuSign, Guild Education, Hopin, monday.com, nCino, Snowflake, Snyk, Stripe, Tanium, and Zoom.We leverage our decades of expertise in the cloud and our long-term relationships with key decision-makers at thousands of businesses around the world to give our portfolio companies an unfair advantage, help them build credibility, and accelerate growth. Salesforce Ventures has a $5BN portfolio of 300+ companies in more than 25 countries, and has offices worldwide, including in San Francisco, Irvine, New York, London, Tokyo, and Sydney.Follow @SalesforceVC and learn more at http://www.salesforceventures.com.
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Contact
Reagan McAfee
[email protected]
916-996-4969
Amie Rubenstein
Bessemer Venture Partners
press@bvp.com
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