Armis Security is a leading cybersecurity company specializing in providing comprehensive asset protection and cybersecurity solutions for unmanaged and IoT devices. Founded in 2015 by Yevgeny Dibrov, Nadir Izrael, and Tomer Schwartz, the company is headquartered in Palo Alto, California. Armis Security has seen significant growth and recognition in the industry, being valued at $4.3 billion as of October 2024. It has successfully raised $200 million in a recent funding round, emphasizing its rapid expansion in the cybersecurity market.
| Attribute | Information |
|---|---|
| Founding Date | 2015 |
| Headquarters | Palo Alto, California, USA |
| Founders | Yevgeny Dibrov, Nadir Izrael, Tomer Schwartz |
| Revenue | $200 million (2024) |
| Profits | N/A |
| Key Investors | Insight Partners, CapitalG |
| Industry | Cybersecurity |
| Number of Employees | 829 |
Armis Security was founded in 2015 with a mission to address the security vulnerabilities posed by the proliferation of unmanaged and IoT devices. The company remained in stealth mode until 2017 when it officially launched its platform that provides visibility and security for these connected devices.
Leveraging the founders' extensive backgrounds in cybersecurity and technology, Armis swiftly gained traction by addressing the critical blind spots in enterprise security architectures. The company’s breakthrough came when insightful innovation led to its rapid market penetration, capturing significant interest from both private enterprises and government sectors.
Initially focused on understanding the unique challenges surrounding IoT security, Armis evolved its platform to offer comprehensive device discovery and risk management, making it a valuable asset for organizations worldwide.
Armis Security operates a business model centered around its advanced cybersecurity platform, Armis Centrix™, which provides real-time visibility and management of connected assets. The platform is AI-driven, focusing on securing managed, unmanaged, and IoT devices across various industries, including healthcare, manufacturing, and critical infrastructure.
The company has achieved several milestones as follows:
Currently, Armis Security stands as a formidable entity in the cybersecurity industry, known for its top-tier asset intelligence platform capable of delivering comprehensive security solutions across multiple sectors. The company's AI-driven Armis Centrix™ enhances its competitive edge by seamlessly integrating with existing IT infrastructure, thus addressing various cybersecurity needs efficiently.
Armis' market position is strengthened by its strategic focus on emerging threats, regulatory compliance, and IoT security challenges, making it a preferred partner for Fortune 500 companies and governmental institutions. The company's ongoing investments in R&D and strategic acquisitions underscore its aim to maintain leadership in the dynamic cybersecurity landscape.
Armis Security's ascent in the cybersecurity domain underscores its pivotal role in protecting the increasingly complex network of unmanaged and IoT devices. With substantial financial backing, strategic acquisitions, and recognition as an industry leader, Armis is poised to continue setting benchmarks in cybersecurity solutions.
Looking ahead, Armis is well-positioned to capitalize on the growing cybersecurity market needs, particularly with its innovative AI-driven platform, expansive industry partnerships, and impending IPO that signal a strong trajectory towards continued growth and influence within the cybersecurity sphere.