Armis, a company that offers solutions designed to help enterprises discover and secure their devices, on Monday announced raising another $300 million.
The latest investment, which brings the total raised by Armis to $600 million, values the company at $3.4 billion. The funding round was led by One Equity Partners, with participation from existing investors.
Armis has developed an agentless platform that can help organizations inventory and secure all of their devices, including managed, unmanaged, IoT, industrial, and medical devices, as well as applications and cloud instances.
Armis emerged from stealth mode in 2017, and in early 2020 it was acquired by venture capital and private equity investment firm Insight Partners at a valuation of $1.1 billion. In February 2021, Armis announced raising $125 million at a valuation of $2 billion.
The company now claims that its revenue has increased 8,826% over the past three years.
Following the latest investment, One Equity Partners will join Armis’ board, but Insight Partners remains the majority owner. Armis will continue to operate independently and it will continue to be managed by its co-founders, Yevgeny Dibrov (CEO) and Nadir Izrael (CTO).
“Armis continues expansion into Healthcare, Federal, SLED, and OT sectors in addition to our traditional IoT, IT, Medical, and Enterprise services and capabilities. The investment by One Equity Partners will fuel platform development, regional expansion, and an enhanced go-to-market team,” Izrael said. “We are winning market share in all our new verticals and have become the leading cybersecurity player when it comes to seeing all assets and devices.“
Related: Consumer Security Firm Aura Raises $200 Million at $2.5 Billion Valuation
Related: Cloud Security Company Wiz Raises $250 Million at $6 Billion Valuation
Related: Contrast Security Raises $150 Million at ‘Unicorn’ Valuation
Eduard Kovacs (@EduardKovacs) is a contributing editor at SecurityWeek. He worked as a high school IT teacher for two years before starting a career in journalism as Softpedia’s security news reporter. Eduard holds a bachelor’s degree in industrial informatics and a master’s degree in computer techniques applied in electrical engineering.
More from Eduard Kovacs
- In Other News: AI Regulation, Layoffs, US Aerospace Attacks, Post-Quantum Encryption
- Evidence Suggests Ransomware Group Knew About MOVEit Zero-Day Since 2021
- Vulnerabilities in Honda eCommerce Platform Exposed Customer, Dealer Data
- Barracuda Urges Customers to Replace Hacked Email Security Appliances
- Google Patches Third Chrome Zero-Day of 2023
- ChatGPT Hallucinations Can Be Exploited to Distribute Malicious Code Packages
- AntChain, Intel Create New Privacy-Preserving Computing Platform for AI Training
- Several Major Organizations Confirm Being Impacted by MOVEit Attack
Latest News
- In Other News: AI Regulation, Layoffs, US Aerospace Attacks, Post-Quantum Encryption
- Blackpoint Raises $190 Million to Help MSPs Combat Cyber Threats
- Google Introduces SAIF, a Framework for Secure AI Development and Use
- ‘Asylum Ambuscade’ Group Hit Thousands in Cybercrime, Espionage Campaigns
- Evidence Suggests Ransomware Group Knew About MOVEit Zero-Day Since 2021
- SaaS Ransomware Attack Hit Sharepoint Online Without Using a Compromised Endpoint
- Google Cloud Now Offering $1 Million Cryptomining Protection
- Democrats and Republicans Are Skeptical of US Spying Practices, an AP-NORC Poll Finds
