Armis Raises $300M in Funding; Valued at $3.4 Billion


Armis, a Palo Alto, Calif.-based unified asset visibility and security platform provider, raised $300m in funding and increased its valuation to $3.4 billion. 

One Equity Partners, in conjunction with existing investors, made the investment and will also be joining the board of directors to lead acquisitions initiatives alongside existing investors Insight Partners, Brookfield Asset Management, Georgian, RedDot, and CapitalG, Alphabet’s independent growth fund. Insight Partners will remain the majority owner, and Armis will continue to operate independently, fully managed by its two co-founders, Yevgeny Dibrov, CEO, and Nadir Izrael, CTO, and the executive team.

The company intends to use the funds to accelerate strategic platform development and global GTM initiatives and to make future acquisitions.

Armis is a cybersecurity company providing complete visibility, vulnerability detection, and risk management to all assets across the IT, enterprise, medical, operational technology, ICS, IoT, and IIoT environments. Fortune 1000 companies use its real-time and continuous protection to see with full context all managed, unmanaged, and IoT devices, including medical devices (IoMT), operational technology (OT), and industrial control systems (ICS).