IoT Security Startup Armis Raises $65 Million

IoT security company Armis Inc. has completed a $65 million funding round, the company announced Thursday. The round was led by Sequoia Capital, with participation from Insight Venture Partners and Intermountain Ventures, bringing the company total funding raised to date to $112 million.

Armis provides information security software for enterprise IoT systems, analyzing and classifying devices and their behavior in order to identify risks and protect information and systems. Customers include Sysco Foods and Samsung Research America. The company employs a team of 50 and is headquartered in Palo Alto, California, with offices in Tel Aviv.