Armis has raised US$435 million in a pre-IPO funding round led by Growth Equity at Goldman Sachs Alternatives, with strong participation from CapitalG. The investment values the cybersecurity company at US$6.1 billion, marking a major milestone in its journey towards an initial public offering. The round also saw contributions from new investor Evolution Equity Partners and several existing backers.
Strong growth and market momentum
The new funding round follows a period of significant growth for Armis. The company recently surpassed US$300 million in annual recurring revenue (ARR), recording a year-on-year increase of more than 50%. Its client base includes over 40% of Fortune 100 companies, such as seven of the Fortune 10. Armis serves global organisations across multiple sectors, including manufacturing, aviation, financial services, healthcare, and government agencies.
Yevgeny Dibrov, CEO and Co-Founder of Armis, described the latest funding as “another defining moment in our journey to build a category-defining cybersecurity company.” He added that the firm’s rapid growth demonstrates how organisations are adopting a unified, exposure-based approach to security. “At the heart of Armis is a team driven by one goal: putting our customers first,” Dibrov said.
Fuel for innovation and expansion
The newly raised capital will support Armis’ three-year plan to reach US$1 billion in ARR while preparing for a public listing. The company plans to invest in product innovation, expand its go-to-market strategies, and pursue strategic acquisitions. Over the past two years, Armis has acquired three companies, strengthening its portfolio across cloud, artificial intelligence, and operational technology security. These deals have already contributed millions in additional revenue, and the firm continues to explore both organic and inorganic growth opportunities.
Irit Kahan, Managing Director in Growth Equity at Goldman Sachs Alternatives, said: “Armis is a truly differentiated cybersecurity platform with exceptional growth momentum. We believe the platform is redefining cyber exposure management by providing a comprehensive and unified layer of visibility, turning blind spots into sources of intelligence. Led by an exceptionally strong founding team, with a customer-centric culture, the company has successfully partnered and is growing with the largest global enterprises and public sector organisations.”
Building a multi-generational cybersecurity company
CapitalG’s General Partner, Derek Zanutto, emphasised the firm’s confidence in Armis’ long-term potential. “Ever since our first investment in Armis back in 2019, we’ve repeatedly doubled down on the company, as our conviction in its technology, its leadership, and its potential has only grown stronger,” he said. “Armis is on the path to building a multi-generational cybersecurity titan. We feel privileged to continue partnering with Yevgeny, Nadir, and the entire leadership team as they accelerate toward the goal of US$1 billion in ARR and, eventually, an IPO.”
Founded in 2016, Armis focuses on securing the unseen digital connections that underpin modern infrastructure. Its flagship platform, Armis Centrix, provides continuous visibility, intelligence, and control across every connected asset and environment. The company’s technology enables organisations to manage cyber risks in real time, helping safeguard critical infrastructure, essential services, and economies worldwide.
