Armis raises $200M, boosting valuation to $4.3B in push towards IPO
Cybersecurity leader Armis secures new funding led by General Catalyst and Alkeon Capital, setting sights on $500M ARR milestone.
Armis Security has announced the completion of a $200 million Series D funding round, at a company valuation of $4.3 billion—a $900 million increase since its previous round less than three years ago. This round was led by General Catalyst and Alkeon Capital, along with existing investors Brookfield and Georgian, joining the company's other backers, which include Insight Partners, CapitalG, and One Equity Partners.
Full list of Israeli high-tech funding rounds in 2024
Founded by Yevgeny Dibrov (CEO) and Nadir Izrael (CTO), Armis currently employs around 750 people globally, including in Israel. The company's clients include United Airlines, Colgate-Palmolive, and Mondelez, the parent company of Oreo, Milka, and Toblerone. The Armis platform enables businesses to monitor, secure, and manage their critical assets—ranging from IT and OT systems to medical devices, cloud infrastructure, and software.
This latest funding follows Armis’s recent announcement that it surpassed $200 million in annual recurring revenue (ARR) and completed two acquisitions in 2024: Silk Security and CTCI. Armis has its sights set on an IPO, with the next key milestones being $500 million in ARR on its path to $1 billion and beyond.
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The company announced in April the acquisition of fellow Israeli startup Silk Security for $150 million. Silk has developed a platform for sustainable cyber risk resolution and raised $12.5 million in Seed funding last August. The funding was led by global software investor Insight Partners and Hetz Ventures, with participation of the CrowdStrike Falcon Fund and seasoned cybersecurity angel investors including Shlomo Kramer, Mickey Boodaei and Rakesh Loonkar.
Earlier this year, Armis purchased CTCI (Cyber Threat Cognitive Intelligence), a privately held company specializing in AI-powered pre-attack threat hunting technology, for around $20 million.
Armis was acquired by Insight Partners and Google’s investment fund Capital G for $1.1 billion in January 2020. Armis raised $300 million at a $3.4 billion valuation in November 2021, taking its total funding to $600 million.
