Armis , the cyber risk management and security company, announced a $435 million pre-IPO funding round, raising the company’s valuation to $6.1 billion. The round was led by Growth Equity at Goldman Sachs Alternatives, with significant participation from CapitalG. Evolution Equity Partners joined as a new investor alongside several existing investors.
The funding round comes amid continued growth. The company recently surpassed $300 million in annual recurring revenue (ARR), representing growth of more than 50%. Armis has partnered with more than 40% of the Fortune 100 companies, including seven of the Fortune 10, and helps protect leading organizations worldwide, including manufacturers, airlines, financial services companies, healthcare providers, and government and federal agencies.
Yevgeny Dibrov, CEO and co-founder of Armis: “This funding round is another pivotal moment in our journey to build an industry-leading cybersecurity company. Our growth demonstrates the company’s unified, risk-based approach to security, and this round signals that investors see us as a leader in the cybersecurity field. At the heart of Armis is a team united by a common goal: putting our customers first.”
The additional capital will fuel Armis’s momentum in executing its three-year plan, which aims to achieve $1 billion in ARR and prepare for its initial public offering. The funds will also support further product innovation, market expansion, and strategic acquisitions. Over the past two years, Armis has completed three mergers and acquisitions, expanding its capabilities in cloud, AI, and operational technology security. These acquisitions are already generating multi-million dollar incremental revenue streams, and the company continues to evaluate new options for organic and inorganic growth.
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Irit Kahan, Managing Director of Growth Equity at Goldman Sachs Alternatives: “Armis is a truly differentiated cybersecurity platform with exceptional growth momentum. We believe the platform is redefining cyber exposure management by providing a comprehensive and unified level of visibility, turning blind spots into sources of information. The company is led by an exceptionally strong founding team, has a customer-centric culture, and has forged successful partnerships with the largest global companies and public sector entities, which has fueled its growth.”
Derek Zanutto, General Partner, CapitalG: “Since our initial investment in Armis in 2019, we have more than doubled our stake in the company several times, as we have become increasingly convinced of its technology, market leadership, and potential. Armis is on the path to building a multi-generational cybersecurity giant. We are honored to continue our partnership with Yevgeny, Nadir, and the entire leadership team as they move toward a $1 billion ARR and IPO.”
Founded in 2016, Armis secures the invisible connections that underpin modern society by protecting the entire attack surface and managing cyber risks affecting critical infrastructure worldwide in real time, from the ground to the cloud. The Armis Centrix™ platform provides continuous visibility, intelligence, and control across assets and environments, enabling organizations to stay ahead of threats and ensure the security and resilience of essential services, economies, and daily life at all times.
Source: Businesswire