Armis has closed a $435 million pre-IPO funding round, lifting the company’s valuation to $6.1 billion as it accelerates toward $1 billion in annual recurring revenue and prepares for a public offering. The round was led by Growth Equity at Goldman Sachs Alternatives with significant participation from CapitalG. New investor Evolution Equity Partners also joined alongside several existing backers.
The company continues to expand across enterprise and public sector markets, having surpassed $300 million in annual recurring revenue while growing by more than 50%. Armis now works with more than 40% of Fortune 100 companies, including seven of the Fortune 10, supporting organizations across various industries, including manufacturing, aviation, financial services, healthcare, and state and federal government institutions.
The funding will support continued investments in product development, expansion of the go-to-market strategy, and strategic acquisitions. Armis has completed three acquisitions in the past two years in cloud, artificial intelligence, and operational technology security, each contributing incremental revenue growth. The company plans to continue evaluating both organic and acquisition-driven growth opportunities.
Armis projects that it will reach $1 billion in annual recurring revenue within its current three-year plan and is in the early stages of preparation for an initial public offering.
Founded in 2016, Armis provides real-time cyber exposure management and risk mitigation across full technology environments through its Armis Centrix platform. The company protects critical infrastructure operations and broader societal systems by enabling continuous visibility and security control across assets and networks.
KEY QUOTES
“This round marks another defining moment in our journey to build a category-defining cybersecurity company. Our growth proves that organizations are embracing a unified, exposure-based approach to security, and the round signals investors’ belief in Armis as a leader in cybersecurity. At the heart of Armis is a team driven by one goal: putting our customers first.”
Yevgeny Dibrov, CEO and Co-Founder, Armis
“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 layer of visibility, turning blind spots into sources of intelligence. Led by an exceptionally strong founding team, with a customer-centric culture, the company has successfully partnered and is growing with the largest global enterprises and public sector organizations.”
Irit Kahan, Managing Director, Growth Equity at Goldman Sachs Alternatives
“Ever since our first investment in Armis back in 2019, we’ve repeatedly doubled down on the company, as our conviction in its technology, its leadership, and its potential has only grown stronger. Armis is on the path to building a multi-generational cybersecurity titan. We feel privileged to continue partnering with Yevgeny, Nadir, and the entire leadership team as they accelerate toward the goal of $1 billion in ARR and, eventually, an IPO.”
Derek Zanutto, General Partner, CapitalG
