Armis, a Palo Alto, CA-based enterprise IoT security company, raised $30m in Series B funding.
The round, which brings total funding to $47m, was led by Red Dot Capital Partners, with participation from Bain Capital Ventures, Sequoia Capital and Tenaya Capital. In conjunction with the funding, Yaniv Stern, Managing Partner at Red Dot Capital Partners, will be joining the Armis Board.
The company intends to use the funds to expand sales and marketing, and further develop its device knowledgebase and security platform.
Founded in late 2015 by Yevgeny Dibrov, CEO, Armis provides enterprises with an agentless IoT security platform that delivers comprehensive visibility of every device in their environment, analyzes and classifies devices and their behavior in order to identify risks or attacks, and protects critical information and systems.
Armis does not require any hardware and integrates into any environment or existing infrastructure.
The company, which has 50 employees in Palo Alto and Tel Aviv, Israel, has signed on customers including numerous customers in the Fortune 100.