Armis, a cyber exposure management and security company, announced that it had closed a $200 million Series D round of investment, increasing its total company valuation to a new high of $4.2 billion.
This funding round was led by General Catalyst and Alkeon Capital, along with existing investors Brookfield Technology Partners and Georgian. The additional funding will enable the company to continue with its five-year strategy to build a multi-generational cybersecurity company, drive strong organic product innovation and global go-to-market programs, and simultaneously take advantage of inorganic growth opportunities.
The company’s ability to offer unmatched visibility, security, and risk management to enterprises across all industries has made it a standout leader in the fast-evolving cybersecurity landscape. As the trusted cybersecurity partner of the world’s largest organizations, such as United Airlines, Colgate-Palmolive, Mondelez, Reckitt, and more, Armis’ platform Armis Centrix enables companies to see, secure, and manage their most critical assets in real-time, from IT, OT, and medical devices to cloud, code, and software assets.
This new funding round comes after Armis recently announced it had surpassed the $200 million in Annual Recurring Revenue (ARR) mark, growing ARR by an additional $100 million in less than 18 months. The company is targeting a future IPO and building a multi-generational company. The next major milestones are reaching the $500 million ARR milestone and the journey to $1 billion ARR and beyond.
As the cybersecurity industry continues to face increasingly complex challenges, Armis’s unique approach to Cyber Exposure Management makes it an indispensable partner for enterprises seeking to secure and manage their critical assets. By offering comprehensive visibility, prioritization, and remediation capabilities, Armis ensures that organizations can stay ahead of the growing threat landscape.
General Catalyst and Alkeon Capital join existing investors Insight Partners, CapitalG, Georgian, Brookfield Technology Partners, and One Equity Partners.
KEY QUOTES:
“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.”
-Yevgeny Dibrov, CEO and Co-Founder of 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 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.”
-Jonathan Carr, CFO of Armis
“We see Armis as a powerful force in cybersecurity, with tremendous potential to scale rapidly and drive meaningful innovation in the industry. We are excited to support them on their path to becoming a public company.”
-Mark Crane, Partner at General Catalyst
“We are proud to invest in Armis at this pivotal stage of its growth. 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.”
-Abhi Arun, Managing Partner at Alkeon Capital
