Cybersecurity startup Armis raises $435M at $6.1B valuation to accelerate growth ahead of planned IPO
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Cybersecurity startup Armis raises $435M at $6.1B valuation to accelerate growth ahead of planned IPO. Armis is stepping into the next phase of its cybersecurity mission with fresh funding and a clear goal: an IPO by 2026 or 2027. The California-based cybersecurity startup has secured $435 million in a new funding round led by Goldman Sachs Alternatives' Growth Equity fund, valuing the company at $6.1 billion. The round also drew participation from CapitalG, Alphabet's venture arm, and Evolution Equity Partners. The latest funding round comes amid the company's continued growth. Armis recently surpassed $300 million in annual recurring revenue (ARR), growing more than 50% year-over-year - a sign of continued momentum in enterprise cybersecurity. The company has already worked with over 40% of the Fortune 100, including 7 of the Fortune 10, and protects some of the world's most critical organizations across industries such as manufacturing, airlines, finance, healthcare, and government. Armis hits $6.1B valuation after $435M raise, prepares for IPO within two years. Just a year ago, Armis raised $200 million in an October 2024 funding round with General Catalyst and Alkeon Capital, followed by a $100 million secondary offering in July. Previous backers include Sequoia Capital and Bain Capital Ventures. CEO and co-founder Yevgeny Dibrov said the latest round positions...
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