Armis, the cybersecurity company specialising in cyber exposure management, has announced the completion of a US$200 million Series D funding round, raising its valuation to US$4.2 billion. This latest funding, led by General Catalyst and Alkeon Capital, with participation from existing investors Brookfield Growth and Georgian, is set to fuel Armis’ ambitious plans for product innovation, global expansion, and potential acquisitions.
Armis has built a reputation for its comprehensive cybersecurity platform, Armis Centrix, which enables enterprises to manage their IT, OT, medical devices, cloud infrastructure, and software assets with real-time visibility and security. The company’s solution is trusted by major global brands, including United Airlines, Colgate-Palmolive, Mondelez, and Reckitt, which rely on Armis to secure their critical assets in an ever-evolving digital landscape.
The funding comes as Armis celebrates reaching US$200 million in Annual Recurring Revenue (ARR), marking a US$100 million increase in less than 18 months. Looking ahead, Armis has its sights on a future IPO, with targets of US$500 million ARR as it builds toward a long-term goal of US$1 billion ARR.
Armis’ leadership highlights future growth and strategic goals
Yevgeny Dibrov, CEO and Co-founder of Armis, shared his gratitude for the new support from the company’s investors, underscoring the growth potential it unlocks. Dibrov said, “My Co-founder Nadir Izrael and I are incredibly grateful for the support of General Catalyst and Alkeon Capital, as well as Brookfield and Georgian. Their investment and belief in Armis’ future reflect the strength of our platform and the market need for a comprehensive Cyber Exposure Management platform – from asset management and Cyber Physical systems security to remediation of vulnerabilities from IT to cloud and the CI/CD pipeline. We remain confident that this is just the beginning for Armis, and we look forward to delivering on our vision of a safer digital world.”
Jonathan Carr, Armis’ CFO, expressed confidence in the company’s growth strategy, saying, “We are excited about the addition of General Catalyst and Alkeon Capital to our amazing investors and strategic partners. Armis’ history of rapid and global scaling highlights the growing need for organisations to drive toward an asset-centric approach to cybersecurity. This new funding will allow us to continue that rapid pace of value creation for our customers and shareholders, further highlighting our relentless commitment to innovation on our platform and to customer satisfaction that will continue driving our growth for many years to come.”
Investors affirm support as Armis looks to the future
The new investment round has drawn strong enthusiasm from the company’s investors, reflecting their confidence in Armis’ potential. Mark Crane, Partner at General Catalyst, expressed his support, stating, “We see Armis as a powerful force in cybersecurity, with tremendous potential to scale rapidly and drive meaningful innovation in the industry. We are excited to support them on their path to becoming a public company.”
Alkeon Capital’s Managing Partner, Abhi Arun, echoed Crane’s sentiments, commending Armis’ track record and growth potential. “We are proud to invest in Armis at this pivotal stage of its growth. With a proven track record and rising demand for its solutions, Armis is uniquely positioned to redefine industry standards in the cybersecurity market. We’re excited to collaborate with Armis as it accelerates on its remarkable upward trajectory,” he noted.
Armis’ future in an evolving cybersecurity landscape
As cybersecurity challenges grow increasingly complex, Armis’ Cyber Exposure Management approach continues to gain traction, providing companies with essential tools for comprehensive asset visibility, risk prioritisation, and rapid response. This latest funding from General Catalyst and Alkeon Capital supports Armis’ global expansion and deepens its commitment to safeguarding critical infrastructure.
Existing investors in Armis also include Insight Partners, CapitalG, Georgian, Brookfield Growth, and One Equity Partners. This latest investment will help Armis scale its platform capabilities, reinforcing its mission to lead the future of cybersecurity.
