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.

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.“

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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.

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