Armis , the cyber risk management and security specialist, announced a $435 million pre-IPO funding round, valuing the company at $6.1 billion. The round was led by Goldman Sachs Alternatives’ Growth Equity practice, with a major participation from CapitalG, and included several existing investors as well as a new investor, Evolution Equity Partners.
This investment round comes amid continued growth, with the company recently surpassing $300 million in Annual Recurring Revenue (ARR), representing growth of over 50%. Armis has worked with more than 40% of Fortune 100 companies, including seven of the top ten, and helps protect leading organizations worldwide, including manufacturers, airlines, financial services companies, healthcare providers, and federal and state agencies.
Yevgeny Dibrov, CEO and co-founder of Armis, stated: “ This funding round marks another significant milestone in our journey to build a cybersecurity company capable of redefining the industry. Our growth demonstrates that organizations are adopting a unified security approach based on exposure management, and this funding round reflects investors’ confidence in Armis as a leader in cybersecurity. At the heart of Armis, our team is driven by a single purpose: putting our customers first.”
This new funding will fuel Armis’ momentum as the company executes its three-year plan, aiming for $1 billion in ARR, and prepares for its initial public offering. The financing will also support ongoing product innovation, business expansion, and strategic acquisitions. In the past two years, Armis has completed three mergers and acquisitions, expanding its capabilities in cloud computing, AI, and operational technology security. These acquisitions are already generating millions of dollars in additional revenue, and the company continues to evaluate new growth opportunities, both organic and inorganic.
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Irit Kahan, Managing Director of Growth Equity at Goldman Sachs Alternatives, said: “Armis is a truly differentiated cybersecurity platform experiencing exceptional growth. We believe it is redefining cyber risk exposure management by providing complete and unified visibility and turning blind spots into intelligence. Led by an exceptional founding team and driven by a customer-centric culture, the company has forged successful partnerships and continues to grow alongside the world’s largest companies and public sector organizations.”
Derek Zanutto, General Partner at CapitalG, added: “Since our initial investment in Armis in 2019, we have redoubled our efforts toward the company, as we are increasingly convinced of the potential of its technology and leadership. Armis is poised to become a multi-generational cybersecurity giant. We feel privileged to continue working with Yevgeny, Nadir, and the entire leadership team as they move closer to their goal of $1 billion in ARR and an IPO.”
Founded in 2016, Armis secures the invisible connections that power modern society. The company protects the entire attack surface and manages cyber risks in real time, from underground infrastructure to the cloud (“from the ground to the cloud”), for critical infrastructure worldwide. Its platform, Armis Centrix™, provides continuous visibility, intelligence, and control across all assets and environments, enabling organizations to stay ahead of threats and ensure the security and resilience of essential services, economies, and daily life, 24/7.
Source: BusinessWire