Armis, a cyber exposure management and security firm, reported on Tuesday that a $200 million Series D round of funding had closed, raising the company’s overall valuation to a record $4.2 billion.
Leading investors General Catalyst and Alkeon Capital, as well as returning investors Brookfield Growth and Georgian, spearheaded Armis’ most recent funding round.
According to the company’s statement, the extra funding will allow Armis to carry out its five-year plan to create a multigenerational cybersecurity business, support robust organic product innovation and international go-to-market initiatives, and seize any revolutionary inorganic growth opportunities that may present themselves.
Armis has distinguished itself as a leader in the rapidly changing cybersecurity landscape by providing businesses in all sectors with unparalleled visibility, security, and risk management.
The world’s biggest companies, such as United Airlines, Colgate-Palmolive, Mondelez, Reckitt, and others, have chosen Armis as their cybersecurity partner. Armis’ cutting-edge platform, Armis CentrixTM, allows businesses to view, secure, and manage their most important assets in real time, including cloud, code, software, medical devices, IT, and OT assets.
Following Armis’ recent announcement that it had surpassed the $200 million mark in Annual Recurring Revenue (ARR) and increased ARR by an additional $100 million in less than 18 months, the company is seeking additional funding. In addition to aiming for a future initial public offering (IPO), the company is constructing a multigenerational organization with the goal of hitting the $500 million ARR milestone on its path to $1 billion ARR and beyond.
Yevgeny Dibrov, CEO and Co-Founder of Armis, commented on the latest round of investments and the long-term potential they unlock, “My Co-founder Nadir Izrael and I are incredibly grateful for the support of General Catalyst and Alkeon Capital as well as Brookfield and Georgian. Their investment and belief in Armis’ future reflect the strength of our platform and the market need for a comprehensive Cyber Exposure Management platform – from asset management and Cyber-Physical systems security to Remediation of vulnerabilities and issues from IT to cloud and the CI/CD pipeline. We remain confident that this is just the beginning for Armis, and we look forward to delivering on our vision of a safer digital world.”
Armis’s distinct approach to Cyber Exposure Management makes it a vital partner for businesses looking to safeguard and manage their vital assets as the cybersecurity sector continues to face more complex challenges. Organizations can remain ahead of the ever-evolving threat landscape thanks to Armis’s comprehensive visibility, prioritization, and remediation capabilities.
Insight Partners, CapitalG, Georgian, Brookfield Growth, and One Equity Partners are among the current investors that will be joined by General Catalyst and Alkeon Capital.
