Armis, a nine-year-old cybersecurity company based in San Francisco, has raised a significant $435 million pre-IPO round led by Growth Equity at Goldman Sachs Alternatives, with CapitalG and Evolution Equity Partners also participating. This funding round has valued Armis at $6.1 billion, a substantial increase from its previous valuation. The company is now planning an IPO in late 2026 or early 2027, as confirmed by its co-founder and CEO, Yevegny Dibrov.
This move towards an IPO comes amidst a prevailing trend of cybersecurity startups opting for acquisitions over public listings. While notable cybersecurity companies like SentinelOne, Rubrik, and Netscope have recently gone public, Armis is determined to follow suit, declining acquisition offers, including a reported $5 billion bid from Thoma Bravo.
Armis’ decision to secure this funding and pursue an IPO underscores its commitment to independence and growth in the cybersecurity market. The company’s CEO has expressed a personal aspiration to take Armis public, highlighting the significance of this strategic move for the organization.
Source: TechCrunch