Armis Security has announced the completion of a $200 million Series D funding round, which boosts the company's valuation to $4.3 billion. This reflects a $900 million increase in valuation compared to its previous funding round in less than three years. The latest round was led by General Catalyst and Alkeon Capital, alongside existing investors Brookfield and Georgian, who join current backers such as Insight Partners, CapitalG and One Equity Partners.
Founded by CEO Yevgeny Dibrov and CTO Nadir Izrael, the Israeli cyber security company now employs about 750 staff across Israel and globally. The company's client list includes major names like United Airlines, Colgate-Palmolive and Mondelez, the parent company of brands like Oreo, Milka and Toblerone. Its platform allows businesses to visualize, secure and manage their most critical assets – ranging from IT and operational technology to medical devices, cloud assets, code and software.
This funding comes on the heels of Armis surpassing $200 million in annual recurring revenue (ARR) and completing two successful acquisitions in 2024: Silk Security and CTCI. Armis is eyeing an IPO, with significant milestones set at reaching $500 million in ARR, on its path to $1 billion and beyond.
Get the Ynetnews app on your smartphone: