Exposure management and security company Armis on Wednesday announced that it has raised $435 million in a pre-IPO funding round that values the company at $6.1 billion.
The latest funding round was led by Growth Equity at Goldman Sachs Alternatives, with participation from CapitalG, Evolution Equity Partners, and others.
The new investment will be used for strategic acquisitions, product enhancements, and go-to-market initiatives. It will also fuel the company’s mission to reach $1 billion in annual recurring revenue (ARR). Currently the company has reported an ARR of over $300 million.
The company’s valuation has accelerated rapidly over the past years, from $1.1 billion when it was acquired by Insight Partners in 2020, to $2 billion in early 2021 and $3.4 billion later the same year, and to $4.2 billion in late 2024.
Several publications reported this summer that private equity firm Thoma Bravo had been in talks to acquire Armis in a $5 billion deal.
Armis co-founder and CEO Yevgeny Dibrov said in early September that the end of 2026 was viewed as a good time for an IPO.
Over the past two years, Armis acquired CTCI (reportedly for $20 million), Silk Security ($150 million), and Otorio (reportedly for $120 million).
Armis has developed solutions that enable enterprises to discover IT, OT and IoT assets in their environments. In addition to asset intelligence and visibility, the company’s platform provides protection, risk assessment, vulnerability prioritization, and remediation and compliance capabilities.
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