Armis Secures $200 Million in Series D Funding: A Leap Towards Cybersecurity Leadership
In a significant development within the cybersecurity sector, Armis, a leading cyber exposure management and security company, has successfully closed a $200 million Series D funding round. This latest investment elevates the company’s valuation to an impressive $4.2 billion, underscoring its rapid growth and the increasing demand for its innovative cybersecurity solutions.
A Strong Investment Backing
The Series D funding round was spearheaded by prominent investors General Catalyst and Alkeon Capital, alongside existing stakeholders Brookfield Technology Partners and Georgian. This influx of capital is set to bolster Armis’s ambitious five-year strategy aimed at establishing a multi-generational cybersecurity company. The funding will not only facilitate organic product innovation and global go-to-market initiatives but also enable Armis to explore inorganic growth opportunities, positioning the company for sustained success in a competitive landscape.
Armis’s Unique Value Proposition
Armis has distinguished itself in the cybersecurity arena by offering unparalleled visibility, security, and risk management capabilities to enterprises across various industries. Its flagship platform, Armis Centrix, empowers organizations to monitor, secure, and manage their most critical assets in real-time. This includes a diverse range of assets such as IT, operational technology (OT), medical devices, cloud infrastructure, code, and software applications. The ability to provide comprehensive visibility across these domains has made Armis a trusted partner for some of the world’s largest organizations, including United Airlines, Colgate-Palmolive, Mondelez, and Reckitt.
Accelerating Growth and Future Aspirations
The recent funding round follows Armis’s impressive achievement of surpassing $200 million in Annual Recurring Revenue (ARR), marking a remarkable growth of $100 million in less than 18 months. With aspirations for an initial public offering (IPO) on the horizon, Armis is setting its sights on reaching the $500 million ARR milestone, with a long-term goal of achieving $1 billion ARR and beyond. This trajectory reflects the company’s commitment to scaling its operations and enhancing its offerings to meet the evolving needs of its clients.
Addressing Complex Cybersecurity Challenges
As the cybersecurity landscape becomes increasingly intricate, Armis’s innovative approach to Cyber Exposure Management positions it as an essential ally for enterprises striving to secure their critical assets. By delivering comprehensive visibility, prioritization, and remediation capabilities, Armis equips organizations to stay ahead of the growing threat landscape. This proactive stance is crucial in a time when cyber threats are becoming more sophisticated and pervasive.
Support from Industry Leaders
The backing from General Catalyst and Alkeon Capital, alongside existing investors such as Insight Partners, CapitalG, and One Equity Partners, highlights the confidence that the investment community has in Armis’s potential. Mark Crane, Partner at General Catalyst, expressed enthusiasm about Armis’s trajectory, stating, “We see Armis as a powerful force in cybersecurity, with tremendous potential to scale rapidly and drive meaningful innovation in the industry.”
Abhi Arun, Managing Partner at Alkeon Capital, echoed this sentiment, emphasizing Armis’s unique position to redefine industry standards in the cybersecurity market. “We are proud to invest in Armis at this pivotal stage of its growth,” he remarked, indicating a strong belief in the company’s future.
Leadership Insights
Yevgeny Dibrov, CEO and Co-Founder of Armis, expressed gratitude for the support from investors, highlighting the strength of the platform and the market’s need for a comprehensive Cyber Exposure Management solution. “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,” he stated.
Jonathan Carr, CFO of Armis, also shared his excitement about the new funding, noting that it would enable the company to maintain its rapid pace of value creation for customers and shareholders alike. “This new funding will allow us to continue that rapid pace of value creation for our customers and shareholders,” he said, reinforcing the company’s commitment to innovation and customer satisfaction.
Conclusion
Armis’s recent funding round marks a pivotal moment in its journey as a leader in the cybersecurity industry. With a robust valuation, a clear growth strategy, and the backing of influential investors, Armis is well-positioned to navigate the complexities of the cybersecurity landscape. As organizations increasingly recognize the importance of securing their critical assets, Armis’s innovative solutions will undoubtedly play a crucial role in shaping the future of cybersecurity. The company’s commitment to delivering value and innovation ensures that it will remain a key player in the industry for years to come.