Arctic Wolf
- Arctic Wolf decided to relocate its HQ from Silicon Valley to Minneapolis in the middle of the pandemic.
- The company has 800 employees, though many of these already weren’t based in California.
- CEO Brian NeSmith said there were three main reasons behind the HQ move.
- See more stories on Insider’s business page.
The same day that cybersecurity startup Arctic Wolf announced that it had been valued at $1.3 billion, it also said that it was moving its headquarters from Silicon Valley to Minnesota.
When it made the announcement in October 2020, it joined dozens of other companies that have moved out of California over the past year as the pandemic forced companies to address their real-estate commitments and stance on remote working.
Brian NeSmith, CEO of the 800-person company, told Insider that he chose to relocate its headquarters from Sunnyvale, California, to Eden Prairie, Minnesota, because of the Midwestern state’s affordability for both businesses and living costs, its talent pool, and its work culture.
Arctic Wolf, which has raised more than $350 million across five funding rounds and became a unicorn in October, is one of the fastest-growing cybersecurity startups in the US. It told Insider that it had doubled its revenue every year for six…
