New updates have been reported about Armis (PC:ARMIS)
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Armis, a San Francisco-based cybersecurity firm, has successfully raised $435 million in a pre-IPO funding round led by Growth Equity at Goldman Sachs Alternatives, with significant contributions from CapitalG and new investor Evolution Equity Partners. This latest funding round values Armis at $6.1 billion, a notable increase from its previous valuation of $4.5 billion in August. The company is strategically positioning itself for an initial public offering (IPO) targeted for late 2026 or early 2027, as confirmed by co-founder and CEO Yevgeny Dibrov.
The decision to pursue an IPO comes amidst considerable acquisition interest, including a reported $5 billion bid from private equity firm Thoma Bravo. However, the new funding underscores Armis’s commitment to going public, which Dibrov describes as his ‘personal dream.’ Armis has achieved an annual recurring revenue of $300 million and aims to boost this to $500 million while reaching cash flow positivity before its IPO. The company is already operating with the discipline of a public entity, focusing on meeting quarterly financial targets. Armis provides security solutions for critical infrastructure, serving Fortune 500 companies, national governments, and various state and local entities, positioning itself as a key player in the cybersecurity landscape.