Exposure management and security company Armis has closed its USD200 million Series D investment round. It increases the company’s valuation to around USD4.2 billion. The additional capital will enable Armis to continue with its five-year strategy to build a multi-generational cybersecurity company and drive strong organic product innovation and global go-to-market programmes while simultaneously taking advantage of game-changing inorganic growth opportunities that may arise.
This new round of funding comes after Armis recently announced it had surpassed USD200 million in annual recurring revenue (ARR) mark. The company grew ARR by an additional USD100 million in less than 18 months. Armis is now targeting a future IPO and building a multi-generational company. The next major milestones include reaching the USD500 million ARR milestone along the way to USD1 billion ARR and beyond.
Top-tier investors General Catalyst and Alkeon Capital led this latest funding round, along with existing investors Brookfield Growth and Georgian.
“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,” said Armis Co-founder and CEO Yevgeny Dibrov. “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.”
“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 organisations to drive toward an asset-centric approach to cybersecurity,” said Armis CFO Jonathan Carr. “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.”
“We see Armis as a powerful force in cybersecurity, with tremendous potential to scale rapidly and drive meaningful innovation in the industry,” said General Catalyst Partner Mark Crane. “We are excited to support them on their path to becoming a public company.”
“We are proud to invest in Armis at this pivotal stage of its growth,” said Alkeon Capital Managing Partner Abhi Arun. “With a proven track record and rising demand for its solutions, Armis is uniquely positioned to redefine industry standards in the cybersecurity market. We’re excited to collaborate with Armis as it accelerates on its remarkable upward trajectory.”
As the cybersecurity industry continues to face increasingly complex challenges, Armis’s approach to cyber exposure management makes it an important partner for enterprises seeking to secure and manage their critical assets. By delivering visibility, prioritisation, and remediation capabilities, Armis ensures that organisations can stay ahead of the growing threat landscape.
General Catalyst and Alkeon Capital join existing investors Insight Partners, CapitalG, Georgian, Brookfield Growth, and One Equity Partners.
