[Funding news] CA-based Armis Secures $200Million in Series D Round Funding

Armis, a company focused on cyber exposure management and security, has raised $200 million in its Series D funding round, bringing its total valuation to $4.2 billion.

The funding was led by General Catalyst and Alkeon Capital, with support from existing investors Brookfield Technology Partners and Georgian.

It plans to use this money to boost product innovation and expand its global marketing efforts. Under the leadership of CEO and Co-Founder Yevgeny Dibrov, Armis offers a platform that helps organizations manage their cyber risks in real time, covering various assets from IT and operational technology to medical devices and software.

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The company’s platform, Armis Centrix™, allows businesses to monitor and protect their most important assets continuously, securing clients that include Fortune 100, 200, and 500 companies, as well as national and local governments.

This funding round follows it’s announcement that it has exceeded $200 million in Annual Recurring Revenue (ARR), growing by an additional $100 million in under 18 months.

It is aiming for an initial public offering (IPO) and is working toward significant growth milestones, including reaching $500 million in ARR on its way to $1 billion.

About Armis

Armis specializes in cybersecurity for various assets, including personal devices like smartphones and laptops, as well as corporate equipment like medical machines and security systems. These assets are part of the organization’s attack surface that cybercriminals target to disrupt operations.