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 Armis for its next chapter of growth. “The need for what Armis is doing and what we are building, in this cyber exposure management and security platform, is just increasing,” Dibrov told CNBC. “There’s a very unique and huge demand right now, and we are continuing to grow.”

Founded in 2016, Armis helps businesses secure and manage internet-connected devices — from laptops and servers to sensors, medical equipment, and industrial systems — all of which have become prime targets for cyberattacks. The company’s platform gives organizations visibility into these devices and helps them prevent breaches before they happen.

Goldman Sachs’ involvement was no accident. Dibrov said the firm’s growth fund has a proven record of guiding companies toward public listings, and Armis saw that as a key advantage. “This is the partner for us to go to the next stage and continue to build here a real generational business to get to the Hall of Fame of cyber and SaaS businesses,” he said.

Reports earlier this year suggested Armis had received multiple investment offers — as many as seven, according to Bloomberg — and this latest round was the outcome of those discussions.

Looking ahead, Dibrov isn’t rushing to take the company public. The immediate goal, he said, is to reach $1 billion in annual recurring revenue, a milestone that would solidify Armis’ position in the cybersecurity elite. “Going public will be before that,” he said, hinting that timing will depend on market conditions.

For now, the company is focused on scaling its platform, expanding internationally, and maintaining momentum in one of tech’s most resilient sectors — where the threats never rest, and neither do the companies fighting them.