“We were probably 18 months to two years too early,” NeSmith said of the company’s early struggles.īut things were about to turn around for Arctic Wolf. Around their third round of investor funding, NeSmith says the company was a month and a half from running out of money. “Both Kim and I were like: let’s build something that’s a legacy.”īut in their first years, Arctic Wolf struggled to gain traction.
“I personally wasn’t as interested in doing a company that would roll up into another company,” NeSmith said. But NeSmith and co-founder Tremblay wanted an idea that would really stick. The startup ideas hovered around cybersecurity, something they had the foreshadowing to think would become increasingly critical in an ever more online world. “What I remember definitively is flying to Kitchener and sitting around Kim ’s kitchen island a couple of different times, and we just brainstormed a bunch of ideas,” said Arctic Wolf co-founder and CEO Brian NeSmith. But in 2012, Arctic Wolf was simply an idea floated between longtime colleagues in Waterloo, Ontario. They reached prolific unicorn status in October 2020 with a $1.3-billion valuation. Becoming a UnicornĪrctic Wolf is among the fastest-growing companies in North America. Research investment is a major component in Arctic Wolf’s ability to stay ahead of cyber threats, and Waterloo, Ontario was the ideal place to set up shop for their R&D operations. According to a 2018 study, 60 per cent of small businesses fold within six months of a cyberattack.Ĭybersecurity startup Arctic Wolf’s solution includes maintaining leadership in the research and development space, pairing up security experts with each business and steady surveillance-in other words, making security less scary. Yet, we still hear about breaches in the news all the time, potentially devastating companies. Transcript - A Cybersecurity Success Story From Ontario, Canada With Arctic Wolf
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