Cyber unicorn Armis crosses $300 million in ARR
The company, which focuses on exposure management across connected environments, grew from $200M in ARR in less than 12 months.
Armis, the cybersecurity firm focused on exposure management across connected environments, has surpassed $300 million in annual recurring revenue (ARR), marking a $100 million leap in less than a year.
Founded in 2016 by Yevgeny Dibrov (CEO) and Nadir Izrael (CTO), Armis employs about 850 people in Israel and worldwide. Its customer base includes major global players such as United Airlines, Colgate-Palmolive, and Mondelez, the parent company of brands like Oreo, Milka, and Toblerone. Armis’ platform helps organizations monitor, secure, and manage their most critical assets, across IT, OT, medical devices, cloud environments, code, and software.
Armis is widely expected to pursue an IPO in 2026, by which time its revenue is projected to reach around $500 million.
“Surpassing another $100 million milestone in ARR so quickly proves we have the right platform, the right set of products,” said CEO and co-founder Yevgeny Dibrov. “Our customers are using Armis for complete cyber risk exposure management and security.”
Over the past year, Armis has expanded its platform with three new products and launched a hybrid and on-premises offering tailored for organizations operating in air-gapped or highly restricted environments. Strategic acquisitions and partnerships, with firms including AWS, Accenture, PwC, Fortinet, and Google, have enabled it to scale reach and support across multiple industries and regions.
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The company has also opened new offices in Munich, London, Bucharest, and New York as part of a wider global expansion effort. “Each technology that we develop works together,” said CFO Jonathan Carr. “We strive to help organizations move from ‘detect and then respond’ to a more proactive approach that allows them to protect their organizations before an attack happens.”
The latest revenue milestone follows a $200 million funding round in October 2024, led by General Catalyst and Alkeon Capital, and supported by Brookfield and Georgian. More recently, Armis completed a $100 million secondary transaction, conducted quietly in recent weeks, that enabled hundreds of veteran employees to sell shares. The company’s valuation following the transaction stands at approximately $4.5 billion.
