Cyber Company Armis Is Negotiating Its Acquisition According to a Valuation of Approximately $1 Billion
The potential buyer is a leading U.S. investment firm, according to two people familiar with the matter
Update: one person familiar with the deal has identified the acquiring company as New York-based venture capital and private equity firm Insight Partners.
Israeli IoT security company Armis Inc. is currently in advanced negotiations for its acquisition by a leading U.S. investment firm, two people familiar with the deal told Calcalist on condition of anonymity. The deal is being negotiated according to a company valuation of between $800 million and $1.2 billion, the people said.Armis declined Calcalist’s request for comment. reported that Google has invested several million dollars in Armis, citing a source. Prior to that investment, the company had raised $112 million, with the most recent investment being a $65 million funding round, completed in April 2019.