Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Cybersecurity Funding

Armis Raises $300 Million at $3.4 Billion Valuation

Armis, a company that offers solutions designed to help enterprises discover and secure their devices, on Monday announced raising another $300 million.

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.“

Advertisement. Scroll to continue reading.

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

Written By

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.

Click to comment

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest threats, trends, and technology, along with insightful columns from industry experts.

SecurityWeek’s Threat Detection and Incident Response Summit brings together security practitioners from around the world to share war stories on breaches, APT attacks and threat intelligence.

Register

Securityweek’s CISO Forum will address issues and challenges that are top of mind for today’s security leaders and what the future looks like as chief defenders of the enterprise.

Register

Expert Insights

Related Content

Application Security

Cycode, a startup that provides solutions for protecting software source code, emerged from stealth mode on Tuesday with $4.6 million in seed funding.

Cybersecurity Funding

SecurityWeek investigates how political/economic conditions will affect venture capital funding for cybersecurity firms during 2023.

CISO Strategy

SecurityWeek spoke with more than 300 cybersecurity experts to see what is bubbling beneath the surface, and examine how those evolving threats will present...

Management & Strategy

SecurityWeek examines how a layoff-induced influx of experienced professionals into the job seeker market is affecting or might affect, the skills gap and recruitment...

Funding/M&A

Forty cybersecurity-related M&A deals were announced in January 2023.

Funding/M&A

Thirty-five cybersecurity-related M&A deals were announced in February 2023

CISO Conversations

In this issue of CISO Conversations we talk to two CISOs about solving the CISO/CIO conflict by combining the roles under one person.

Funding/M&A

Seventeen cybersecurity-related M&A deals were announced in the first half of February 2023.