A tech firm that specializes in cybersecurity has announced it's moving its global headquarters from California to Minnesota.
Arctic Wolf has until this year called Sunnyvale, in the tech Mecca known as Silicon Valley, its home. But on Thursday, it announced that it will be relocating its head office to Eden Prairie, where it already has a presence.
The move came on the same day the company announced it had raised $200 million in funding, which sees the company valued at $1.2 billion.
Arctic Wolf says that its Minnesota base has "been at the center of the company’s corporate growth strategy" over the past four years. It currently employs 200 workers there, and as part of its plans to shift the HQ, will add 150 new jobs and construction a new security operations center.
"The Minneapolis area has a rich and growing history of world-class technology companies, that combined with access to a highly-skilled workforce, central location, and a favorable business environment, make it the ideal place for Arctic Wolf to call home,” said Nick Schneider, Chief Revenue Officer, Arctic Wolf.
"We are excited to begin the next phase of Arctic Wolf’s growth from our headquarters in Minnesota and look forward to broadening our role within the community."
Eden Prairie Mayor Ron Case said in a press release: "We are thrilled that Arctic Wolf has selected our city to be its new headquarters and cannot wait to see what the future holds for them.
"Eden Prairie ranks among the best places to do business in the United States thanks to its diverse workforce and outstanding quality of life."