Key Points:
- Cybersecurity firm Armis raises $435 million, boosting valuation to $6.1 billion.
- Funding led by Goldman Sachs Alternatives with participation from CapitalG and other major investors.
- Company aims for $1 billion in annual recurring revenue and an IPO by 2026–2027.
Rapid Growth Fueled by Rising Cyber Threats
Cybersecurity startup Armis has secured $435 million in new financing, pushing the company’s valuation to $6.1 billion—an increase of more than 45% in just over a year. The fresh investment, announced Wednesday, reflects surging global demand for digital protection as critical infrastructure faces increasingly sophisticated cyber-attacks.
The latest funding round was led by Goldman Sachs Alternatives’ Growth Equity fund with support from existing backer CapitalG, Alphabet’s venture arm, along with new investor Evolution Equity Partners. The company said the capital will support a three-year roadmap focused on expanding operations, reaching $1 billion in annual recurring revenue, and preparing for a public offering.
Armis specializes in securing internet-connected devices and providing real-time visibility across networks, helping organizations detect and block cyber threats before they cause major damage. Its platform currently protects more than 40% of Fortune 100 companies across industries including healthcare, finance, manufacturing, and government.
CEO and co-founder Yevgeny Dibrov told CNBC that demand continues to climb. “There’s very unique and huge demand right now, and we are continuing to grow,” he said. Dibrov noted the company selected Goldman Sachs as a strategic partner to help accelerate toward public-market readiness, adding that Armis is “building a generational business” in cybersecurity.
IPO Ambitions as Market Momentum Builds
Founded in 2016 and based in California, Armis has expanded rapidly, surpassing $300 million in annual recurring revenue earlier this year after hitting $200 million less than a year before. The company has also strengthened its capabilities through strategic acquisitions, particularly in cloud and operational technology security.
Dibrov said Armis is targeting an IPO in late 2026 or early 2027 but emphasized that timing will depend on market conditions. “The company’s primary goal is to hit $1 billion in annual recurring revenue,” he said.
The funding arrives at a moment when cyberattacks are costing governments and corporations billions of dollars in losses and disruptions. Lawmakers across multiple countries are urging stronger defenses, further fueling investment in cybersecurity solutions like Armis’s unified exposure management platform.
Investors say the company’s growth trajectory positions it as a future industry leader. Irit Kahan of Goldman Sachs Alternatives called Armis “a truly differentiated cybersecurity platform with exceptional growth momentum,” highlighting its ability to turn digital blind spots into intelligence.
CapitalG General Partner Derek Zanutto echoed that optimism, saying Armis is “on the path to building a multi-generational cybersecurity titan.”
With fresh capital, strong enterprise adoption, and aggressive revenue targets, Armis is positioning itself for one of the cybersecurity sector’s most highly anticipated IPOs—signaling confidence in the company’s mission to protect the world’s increasingly connected systems.