Armis, a San Francisco, CA-based cyber exposure management & security company, closed a $200m Series D funding, increasing its total company valuation to a new high of $4.2 billion.
The round was led by General Catalyst and Alkeon Capital, with participation from existing investors Brookfield Technology Partners and Georgian.
The company intends to use the funds to accelerate organic product innovation and global go-to-market programs.
Led by Yevgeny Dibrov, CEO and Co-Founder, Armis provides a cyber exposure management & security platform that protects the entire attack surface and manages the organization’s cyber risk exposure in real time. Armis Centrix™, enables companies to see, secure, and manage their most critical assets in real time – from IT, OT, and medical devices to cloud, code, and software assets. The company secures Fortune 100, 200 and 500 companies as well as national governments, state and local entities to help keep critical infrastructure, economies and society stay safe and secure 24/7.
This new round of funding comes after Armis recently announced it had surpassed the 200 USD million in Annual Recurring Revenue (ARR) mark, growing ARR by an additional 100 million USD in less than 18 months. The company is targeting a future IPO, and building a multi-generational company with the next major milestones being reaching the $500M ARR milestone along the journey to $1 billion ARR and beyond.
FinSMEs
28/10/2024