Armis CEO Evgeny Dibrov and CTO Nadir Israel.
Provided by: Armis
Cybersecurity startup Armis has raised $435 million in a funding round that values the company at $6.1 billion.
“The need for what Armis is doing and what we’re building in this cyber exposure management and security platform is only going to grow,” CEO and co-founder Evgeny Dibrov told CNBC. “There is a very unique and huge demand right now, and we continue to grow.”
goldman sachs Alternative Growth Equity Fund supported the investment, with participation from Capital G, the firm’s venture arm. alphabet. The security firm has welcomed a new investor, Evolution Equity Partners.
Armis helps businesses secure and manage internet-connected devices and protect them from cyber threats. Dibroff said the firm chose Goldman’s Growth Fund because of its strong track record of helping companies accelerate growth toward initial public offerings.
“This is our partner as we take the next step and continue to build a true generation business here as we strive to enter the pantheon of cyber and SaaS businesses,” he said.
In September, Bloomberg reported that the company was considering up to seven stock offers. Dibroff told CNBC that the latest round of funding was the result of those talks.
Almis, founded in 2016, announced in August that its annual recurring revenue exceeded $300 million. The California-based company reached that milestone less than a year after it surpassed $200 million in ARR.
Armis raised $200 million in an October 2024 funding round with General Catalyst and Alkeon Capital. Previous backers include Sequioa Capital and Bain Capital Ventures. Armis also raised $100 million in a secondary offering in July.
Dibroff said Almis is aiming for an IPO in late 2026 or early 2027, but is in no rush and is waiting for “market conditions.” The company’s main goal is to reach $1 billion in annual recurring revenue, he said.
“I think the initial public offering will be before then,” he said.
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