Cybersecurity company Armis revealed on Tuesday that it has surpassed $200 million in annual recurring revenue (ARR), doubling its ARR in less than 18 months. According to the company, it is one of just a few companies that have achieved this rapid scale, not just in the cybersecurity market, but of any SaaS company worldwide.
One of the biggest reasons for the company’s growth has been its AI-powered cyber exposure management platform, Armis Centrix, which has been adopted by 35 of the top Fortune 100 companies. Clients include United Airlines, the U.S Postal Service, and Mondelez.
“This significant milestone reflects not just our huge financial growth in the last year but shows the unwavering trust that Fortune 100, 200, and 500 companies, large private organizations and healthcare systems, and governments place in us to safeguard their mission critical assets and infrastructure,” said Yevgeny Dibrov, Co-Founder and CEO at Armis. “Our commitment to empowering businesses with robust asset intelligence and security, proactive defense strategies and full risk management has never been stronger. As we continue to expand our impact across industries, this milestone fuels our mission to ensure that every organization can operate confidently in the face of evolving threats.”
Armis Centrix proactively mitigates all cyber asset risks by identifying every asset, from the ground to the cloud, remediating vulnerabilities and blocking threats.
Armis has expanded its capabilities and offerings in recent months with the back to back acquisitions of CTCI and Silk Security.
The company announced in April the acquisition of fellow Israeli startup Silk Security for $150 million. Silk has developed a platform for sustainable cyber risk resolution and raised $12.5 million in Seed funding last August. The funding was led by global software investor Insight Partners and Hetz Ventures, with participation of the CrowdStrike Falcon Fund and seasoned cybersecurity angel investors including Shlomo Kramer, Mickey Boodaei and Rakesh Loonkar.
Earlier this year, Armis purchased CTCI (Cyber Threat Cognitive Intelligence), a privately held company specializing in AI-powered pre-attack threat hunting technology, for around $20 million.
Armis was acquired by Insight Partners and Google’s investment fund Capital G for $1.1 billion in January 2020. Armis raised $300 million at a $3.4 billion valuation in November 2021, taking its total funding to $600 million.
Armis was founded in 2015 by CEO Yevgeny Dibrov and CTO Nadir Izrael.