Armis Acquires Israeli OT Security Startup Otorio for $120M to Strengthen Cyber-Physical Protection

Armis, a global leader in cyber exposure management and security, has acquired Israeli startup Otorio, a specialist in operational technology (OT) and cyber-physical systems (CPS) security. The deal, valued at approximately $120 million in cash and shares, enhances Armis’ capabilities in safeguarding critical infrastructure and industrial networks. This strategic acquisition positions Armis as a dominant force in OT and CPS cybersecurity, reinforcing its commitment to securing connected environments against evolving cyber threats.

OT security, or Operational Technology security, is a crucial aspect of cybersecurity that focuses on protecting the hardware and software that monitor and control physical devices and processes. In essence, OT security is vital for protecting the systems that keep our world running. As these systems become more connected, the importance of robust OT security measures will only continue to grow.

Armis, the cyber exposure management & security company, protects the entire attack surface and manages the organization’s cyber risk exposure in real time. In a rapidly evolving, perimeter-less world Armis ensures that organizations continuously see, protect and manage all critical assets – from the ground to the cloud. Armis 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. Armis is a privately held company headquartered in California.

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Founded in 2018 by co-founders Daniel Bren and Yair Attar, OTORIO has deep domain technical expertise, securing heavy industry and critical infrastructure with customers across the globe in industries like oil and gas, utilities, manufacturing and more. OTORIO specializes in cyber physical, converged and air gapped environments, providing proactive protection against cyber attacks. By expanding Armis’ platform with broader capabilities including Secure remote access (SRA) for full Zero trust and full attack path mapping, Armis can support any organization, with any requirement delivering a single, comprehensive solution for critical infrastructure, manufacturing and industrial environments.

OTORIO’s Titan platform will be integrated into Armis’ Centrix™ cloud-based cyber exposure management platform to expand Armis’ OT/CPS suite and offer an on-premises CPS solution for organizations or segments of an organization’s environment that are airgapped or sequestered from online access.

“We are seeing unprecedented demand across all industries but for some specific verticals, customers require a hybrid environment for complete protection. Through this acquisition, Armis can now offer an on-premises solution for customers that require a fully air-gapped environment for heavy industry and critical infrastructure like energy or utilities,” said Yevgeny Dibrov, CEO and Co-founder, Armis.