Bloomberg Law
Free Newsletter Sign Up
Bloomberg Law
Welcome
Go
Free Newsletter Sign Up

Billion-dollar Tech Startups Ouster, Arctic Wolf Tap Legal Heads

Dec. 14, 2021, 8:59 PM

Billion-dollar tech startups Ouster Inc. and Arctic Wolf Networks Inc. announced new legal chiefs after one merged with a blank-check company and the other completed a funding round.

Adam Dolinko joins Ouster as general counsel after its former legal chief and ex-Tesla Inc. lawyer Myra Pasek left to join agricultural startup Iron Ox Inc.

Andrew Hill joins Arctic Wolf as its first chief legal officer and general counsel after serving as co-founder and partner of Tech Insight Counsel LLP, where he was a “virtual general counsel” for Arctic Wolf.

San Francisco-based Ouster was founded in 2015 and produces lidar sensors for the automobile, industrial, and robotics industries. The startup was valued at $1.9 billion following its merger with blank-check firm Colonnade Acquisition Corp. earlier this year.

Arctic Wolf, based in Eden Prairie, Minn., was founded in 2012 and specializes in helping clients detect and recover from cybersecurity threats. With more than 2,300 customers, it was valued at $4.3 billion in July following a $150 million Series F funding round.

Ouster’s new legal chief Dolinko has previously worked for Nasdaq Inc. and Wilson Sonsini Goodrich & Rosati, according to a statement. His predecessor Pasek was formerly the second in-house lawyer at Tesla and first lawyer and general counsel of Impossible Foods Inc.

The startup this year expanded into Japan, South Korea, and the Middle East, and reported a net loss of $12.7 million in the three months ending Sept. 30.

“Among its peer group, Ouster is one of a few companies that has focused on building a steady long-term business and is poised for continued growth,” Dolinko said in the statement.

Hill has previously worked for companies like Risk Management Solutions, C3 AI, and Legato Systems, which was acquired by Dell Technologies brand Dell EMC in 2003.

“It’s a fantastic opportunity,” he said in an interview. “They have some great lawyers in-house and so it was really a wonderful opportunity to help the company with this next stage of growth.”

Arctic Wolf analyzes more than 1.6 trillion security events weekly, according to a company statement. The startup is also expanding globally and opening offices in the U.K. and Germany this year.

To contact the reporter on this story: Ruiqi Chen in Washington, D.C. at rchen@bloombergindustry.com

To contact the editor responsible for this story: Chris Opfer at copfer@bloomberglaw.com;
John Hughes in Washington at jhughes@bloombergindustry.com