Armor Closes $89M Equity Financing

Armor, a Dallas, TX-based secure cloud company, closed an $89m equity financing.

The round was led by ST Telemedia (STT), which has become a joint lead shareholder with The Stephens Group (TSG), the existing majority shareholder.

The investment will accelerate the adoption of the company’s managed security platform for public and hybrid cloud environments.

Led by Chris Drake, founder and CEO, Armor provides a proprietary platform that integrates threat intelligence, automated security orchestration and machine learning managed by a security operations center (SOC) to protect customers’ vital assets and prevent data breaches through managed multi-layer security for public and private clouds helping them adhere to compliance requirements such as PCI, HIPAA/HITRUST, SOC and ISO.

Credit Suisse acted as the exclusive advisor to the company in connection with the transaction.




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