Armis raises fresh US$200 million, sets sight on going public

Armis, the cyber exposure management and security company, has closed a US$200-million Series D round of investment, increasing its total company valuation to a new high of $4.2 billion. 

Armis’ latest funding round was led by both top-tier investors General Catalyst and Alkeon Capital, along with existing investors Brookfield Growth and Georgian. 

General Catalyst and Alkeon Capital are joining existing investors that include Insight Partners, CapitalG and One Equity Partners.

The additional capital will enable Armis to continue with its five-year strategy to build a multi-generational cybersecurity company, fuel strong organic product innovation and global go-to-market programs, while simultaneously taking advantage of game changing inorganic growth opportunities that may arise.

This new round of funding 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 with the next major milestones being reaching the $500M ARR milestone along the journey to $1 billion ARR and beyond.

The latest inflow of investments “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,” said Yevgeny Dibrov, CEO and co-founder of Armis.