Armis, a leading cyber exposure management and security firm, announced today the successful closure of a substantial $200m Series D funding round.
This latest financial infusion has propelled the company’s valuation to an impressive $4.2bn.
The round saw participation from leading investors such as General Catalyst and Alkeon Capital, along with continued support from existing stakeholders Brookfield Growth and Georgian. These investments underscore the market’s confidence in Armis’ strategic direction and growth potential.
Armis is renowned for its innovative Armis Centrix platform, which offers unparalleled visibility, security, and risk management capabilities. The platform serves a broad range of industries, ensuring comprehensive asset protection—from IT and OT to cloud and software assets. Armis Centrix has secured Armis’ position as a trusted partner for global giants like United Airlines and Colgate-Palmolive, among others.
The new capital will fuel Armis’ ongoing strategy to establish itself as a multi-generational leader in cybersecurity. The company plans to enhance its organic product innovation and global market reach, while also exploring significant inorganic growth opportunities that may arise.
In addition to boosting product development and market expansion efforts, the Series D funds are also earmarked for preparing Armis for a future initial public offering (IPO). The company is on a clear trajectory toward achieving significant milestones, including a future target of $1bn in Annual Recurring Revenue (ARR).
Armis CEO and Co-Founder, Yevgeny Dibrov, shared his gratitude and vision following the investment: “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.”
Jonathan Carr, CFO of Armis, also emphasized the importance of the new funding: “We are excited about the addition of General Catalyst and Alkeon Capital to our amazing investors and strategic partners. Armis’ history of rapid and global scaling highlights the growing need for organizations to drive toward an asset centric approach to cybersecurity. This new funding will allow us to continue that rapid pace of value creation for our customers and shareholders, further highlighting our relentless commitment to innovation on our platform and to customer satisfaction that will continue driving our growth for many years to come.”
Mark Crane, Partner at General Catalyst, and Abhi Arun, Managing Partner at Alkeon Capital, expressed their enthusiasm and confidence in Armis’ strategic path and its potential in the cybersecurity market.
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