Israeli co Armis Security raises $200m at $4.3b valuation

Armis Founders Yevgeny Dibrov and Nadir Izrael credit: Armis
Armis Founders Yevgeny Dibrov and Nadir Izrael credit: Armis

The cybersecurity company's valuation has risen $900 million since its most recent financing round less than three years ago.

Israeli cybersecurity company Armis Security has today announced the completion of a $200 million Series D financing round, which increases its valuation to $4.3 billion. This is $900 million higher than its previous financing round less than three years ago.

The latest financing round was led by General Catalyst and Alkeon Capital with the participation of new investors Brookfield and Georgian and existing investors Insight Partners, CapitalG, and One Equity Partners.

Armis was founded by CEO Yevgeny Dibrov and CTO Nadir Izrael and currently has 750 employees in Israel and around the world.

The company operates in the growing field of protecting organizations with critical infrastructures such as manufacturing plants, hospitals, airlines and energy facilities. Among its customers are United Airlines, Colgate-Palmolive and Mondelez, the parent company of Oreo, Milka and Toblerone, for which it provides transparency and security for all assets such as production lines, medical devices, cloud infrastructure, computing and software code.

The latest financing round comes shortly after Armis's announcement that it has crossed the $200 million annual recurring revenue (ARR) threshold and after two successful acquisitions this year of Silk Security and CTCI.

Aiming for an IPO

In its most recent financing round in November 2021, Armis raised $300 million at a company valuation of $3.4 billion. Son the company has increased its valuation since the peak years of the Covid pandemic, although there has been a significant slowdown in the pace of growth in valuation that characterized the market several years ago. PitchBook reports that the company's valuation tripled between February 2020 and November 2021 from $1.1 billion to NIS 3.4 billion.

Armis now says it is aiming for an IPO and that its next milestone will be ARR of $500 million.

Published by Globes, Israel business news - en.globes.co.il - on October 28, 2024.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2024.

Armis Founders Yevgeny Dibrov and Nadir Izrael credit: Armis
Armis Founders Yevgeny Dibrov and Nadir Izrael credit: Armis
Unframe founders credit: Yossi Yarom Israeli AI enterprise platform co Unframe raises $50m

Unframe’s turnkey AI solutions enable companies to solve any enterprise AI use case at scale with fully functional, customized AI solutions for businesses in a matter of hours, rather than months.

Combatica credit: Combatica Combatica launches next-gen VR AI training platform

The Israeli company's virtual reality platform includes 50 AI generated scenarios, seven maps and even situations for operating night vision.

Shekel credit: Shutterstock Vladirina 32 Shekel volatility after US tariffs announcement

The shekel is weakening sharply against the euro, which is gaining following the unveiling of Donald Trump's tariffs plan.

Minister of Finance Bezalel Smotrich credit: Noam Moskovitz Knesset Spokesperson Treasury assesses potential damage to Israel's US exports

Israel will be charged a higher tariff on its exports to the US - its biggest export customer - than Turkey and the UAE.

Iranian flag credit: Shutterstock Why inflation haunts Iran

With a month-on-month increase of 3.3% and an annual rate of 37.1%, inflation reflects the struggles of millions of Iranians.

APM merges with lawyers from Doron, Tikotzky Kantor, Gutman credit: Eyal Merilos APM merges with 12 lawyers from Doron, Tikotzky Kantor, Gutman

With the addition of these 12 lawyers, Amit Pollak Matalon & Co. will now have 135 lawyers.

US President Donald Trump credit: Reuters Sipa USA Israel on list as Trump unveils tariffs

Relatively low reciprocal tariffs will be imposed on Israeli goods sold in the US.

Deflated unicorn credit: Shutterstock Big Tech 50 reports more huge falls in startup valuations

Israeli R&D partnership Big Tech 50 reports that an investment of $2 million in Orcam made in 2021, shrank to just $31,000 at the end of 2024.

NextFerm technologies based on yeast credit: NextFerm Food-tech co NextFerm suspends operations

The company, which produces food ingredients in yeast without genetic engineering, cannot pay its debts and is seeking a buyer.

Minister of Finance Bezalel Smotrich credit: Shlomi Yosef OECD sees recovery in growth but high inflation

The OECD Israel Economic Survey 2025 recommends that the Israeli government take several restraining measures, in order to exit the economic storm created by the war.

Dano Ben-Hur credit: Dror Sithakol Statisticians contradict BoI on impact of housing finance deals

The Central Bureau of Statistics insists the impact of 20/80 buy now pay later financing deals on the real estate market and housing prices is minimal.

Governor of the Bank of Israel Amir Yaron  credit: Government Press Office Debt fears top Bank of Israel's concerns

Most unusually, Governor of the Bank of Israel Amir Yaron's press conference last week did not focus on inflation and the impending interest rate decision.

US President Donald Trump  credit: Reuters/Leah Millis Israel moves to avoid Trump's tariffs axe

Minister of Finance Bezalel Smotrich has signed an order canceling all tariffs on imports from the US. The impact will mostly be on agricultural produce.

Forbes Rich List credit: Shutterstock Maslowski Marcin Wiz founders ranked in Forbes 2025 Rich List

There are a few dozen Israelis listed in the 2025 Forbes Real-Time Billionaires List including Wiz founders Assaf Rappaport, Yinon Costica, Roy Reznik and Ami Luttwak.

SatixFy CEO Nir Barkan credit: Ariel Barkan Canada's MDA Space to buy Israeli satcom co SatixFy

MDA Space will pay $269 million for the Israeli company, including taking on a $76 million debt and a 75% premium on SatixFy's closing price on Nasdaq yesterday.

Raising dollars credit: Shutterstock Israeli startups raised over $1b in March

Israeli privately-held tech companies have raised $2.1 billion in the first three months of 2025, according to IVC-LeumiTech, up 24% from the corresponding quarter of 2024.

Twitter Facebook Linkedin RSS Newsletters גלובס Israel Business Conference 2018