Israeli cyber company Armis announced a pre-IPO funding round of $435 million, at an impressive valuation of $6.1 billion. The round was led by Goldman Sachs Growth Equity, with participation from Alphabet's investment fund CapitalG (Google's parent company), alongside Evolution Equity Partners and existing investors.
The investment is intended to accelerate the company's growth plan over the next three years – aiming to reach $1 billion in annual recurring revenue and preparing for an initial public offering. Currently, the company reports revenue of over $300 million, after growing by $100 million in less than a year.
Founded in 2016 by Yvgeny Dibrov (CEO) and Nadir Izrael (CTO), the company currently employs about 850 people in Israel and worldwide, and serves approximately 40 Fortune 100 companies, including seven of the Fortune 10. It protects critical infrastructures across various sectors – from industry and aviation to healthcare and finance. Armis specializes in real-time visibility and protection across all organizational attack surfaces – from on-premises environments to the cloud. In recent years, the company acquired three companies in the cloud, AI, and OT sectors, acquisitions that are already generating tens of millions of additional revenue.
Dibrov stated, “This new investment represents another significant milestone in Armis’ journey. Our exceptional growth repeatedly demonstrates the need for the approach we bring to the security market, and the current funding signals that investors are betting on Armis as the next cyber giant to go public.”
Irit Kahn, Growth Equity Investment Manager at Goldman Sachs Israel, added, “Armis is redefining cyber exposure management and turning blind spots in organizations into a vital source of information. This is a company with outstanding leadership and deep understanding of customer needs.”
Goldman Sachs is one of the largest alternative investors in the world, with approximately $3.2 trillion in managed assets. It has invested over $13 billion in technology and growth companies to date. Its current investment in Armis positions the Israeli company alongside prominent tech companies preparing for the next stage – the public offering.