Armis announced a pre-IPO funding round of $435 million, bringing the company’s valuation to $6.1 billion. The round was led by Growth Equity at Goldman Sachs Alternatives with major participation from CapitalG, and was joined by new investor Evolution Equity Partners, alongside several existing investors.
The investment round comes amid continued growth, with the company recently surpassing $300 million in Annual Recurring Revenue (ARR), growing over 50%. Armis has worked with over 40% of the Fortune 100, including 7 of the Fortune 10, and helps protect leading organizations around the globe, including manufacturers, airlines, financial services firms, healthcare institutions, and state and federal agencies.
Yevgeny Dibrov, CEO and Co-Founder of Armis: “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.”
The additional capital comes to fuel Armis’ momentum as it executes on its three-year plan, with Armis projecting to reach $1 billion in ARR and undertaking preparations for an initial public offering. The funding will also support continued product innovation, go-to-market expansion, and strategic acquisitions. Over the past two years, Armis has completed three M&A deals, expanding its capabilities across cloud, AI, and operational technology security. These acquisitions are already generating millions in incremental revenue, and the company continues to evaluate new opportunities for both organic and inorganic growth.
Irit Kahan, Managing Director in Growth Equity at Goldman Sachs Alternatives: “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.”
Derek Zanutto, General Partner, CapitalG: “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.”
Founded in 2016, Armis secures the unseen connections that power modern society, protecting the full attack surface and managing cyber risk in real time from ground to cloud for critical infrastructure worldwide. The Armis Centrix platform delivers continuous visibility, intelligence, and control across every asset and environment, enabling organizations to stay ahead of threats and ensure the safety and resilience of essential services, economies, and daily life around the clock.
