Armis Secures $435 Million,Valued at $6.1 Billion

Armis, a cybersecurity startup specializing in asset visibility and security for connected devices, has secured $435 million in a funding round that boosts its valuation to $6.1 billion. The investment underscores the escalating demand for comprehensive cybersecurity solutions amidst an increasingly interconnected landscape of IoT (Internet of Things), OT (Operational Technology), and medical devices.

“The imperative for Armis’s capabilities in cyber exposure management and security is experiencing substantial growth,” Yevgeny Dibrov, CEO and co-founder of Armis, stated. “This funding validates our technology and position as a leader in protecting the new extended attack surface.”

The funding round was led by Goldman Sachs Alternatives’ growth equity fund, with participation from CapitalG, Alphabet’s venture capital arm, and new investor Evolution Equity Partners. The involvement of these institutional investors signals strong confidence in Armis’s long-term growth potential and its capacity to address a critical market need.

Armis helps organizations discover, secure, and manage their expanding universe of connected devices, providing real-time threat detection and mitigation. This is particularly critical in industries such as healthcare, manufacturing, and energy where interconnected devices control essential operations. The platform’s ability to identify and profile devices, assess vulnerabilities, and enforce security policies has become crucial as the attack surface expands beyond traditional IT infrastructure.

Dibrov highlighted the strategic rationale behind partnering with Goldman Sachs, citing the firm’s expertise in guiding companies toward successful initial public offerings (IPOs). “Goldman Sachs is the ideal partner for us to navigate the next phase of our growth journey and build a generational cybersecurity business poised for long-term success,” he noted.

The company surpassed $300 million in annual recurring revenue (ARR) in August, reflecting a consistent growth trajectory and an expanding customer base. Achieving this milestone within a year of exceeding $200 million ARR demonstrates Armis’s rapid market penetration and its ability to capitalize on the increasing sophistication of cyber threats.

Prior to this funding round, Armis raised $200 million in October 2024, valuing the company at $4.2 billion, with participation from General Catalyst and Alkeon Capital. Sequoia Capital and Bain Capital Ventures have also been previous investors.

Looking ahead, Dibrov stated Armis’s plans for a potential IPO near the end of 2026 or early 2027, contingent upon favorable market conditions. The company’s near-term objective is to reach $1 billion in annual recurring revenue, indicating a clear focus on sustained growth and market dominance. “Going public will be a key milestone, but it is secondary to building a sustainable and valuable business,” Dibrov added.