The cybersecurity services provider almost doubled its overall funding to more than $90m in its second Sonae IM-backed round in the space of a year.

US-based cybersecurity services provider Arctic Wolf Networks has secured $45m in a series C round featuring Sonae Investment Management, the subsidiary of retail group Sonae also known as Sonae IM.

Australian sovereign wealth fund Future Fund led the round, which included Adams Street, Unusual Ventures, Lightspeed Venture Partners, Redpoint Ventures and Knollwood Investment Advisory.

Founded in 2012, Arctic Wolf offers a cybersecurity management service that combines human experts with machine intelligence to provide a substitute for a client’s own security…

Robert Lavine

Robert Lavine is special features editor for Global Venturing.