Israeli Cybersecurity Unicorn Armis Reaches $4.2 Billion Valuation After Latest Funding Round

Armis, an Israeli cyber exposure management and security company and a unicorn, just hit a $4.2 billion valuation. The new valuation came after the firm raised $200 million in a Series D round of investment led by top-tier investors General Catalyst and Alkeon Capital, along with existing investors Brookfield Technology Partners and Georgian.

This new round of funding comes after Armis recently announced it had surpassed the $200 million in Annual Recurring Revenue (ARR) mark, growing ARR by an additional $100 million in less than 18 months. The firm is targeting a future IPO and said it is building a multi-generational company.

Armis was founded in 2015 by Yevgeny Dibrov, Nadir Izrael and Tomer Schwartz (who is no longer in the company). Dibrov and Izrael met during their military service, although they served in separate units – both graduates of Unit 81 (The Technological Unit of the Intelligence) and cybersecurity elite 8200.

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Later, the two studied together Computer Science at the Technion’s Outstanding Program and integrated into the high-tech industry. Dibrov as the first employee in Adallom and was involved in security for cloud computing systems. Adallom was sold to Microsoft. Izrael led Google’s autocomplete engine technical team, “Google Suggest.”

Aramis, which is cloud-based and does not require local server installation, enables users to discover and analyze all network-connected IoT devices.

Yevgeny Dibrov, CEO and Co-Founder of Armis, commented on the latest round of investments and the long-term potential they unlock: “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 and issues 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, CFO of Armis, highlighted the company’s focus on growth and firm commitment to Armis customers: “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 organizations 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.”