Armis, an agentless device security platform, secured a strategic growth investment from Brookfield Asset Management. Insight Partners, CapitalG, Alphabet’s independent growth fund, and Georgian also participated in the round.
To date, Armis has raised $300 million in funding and is valued at $2 billion. Insight Partners will remain the majority owner, and Armis will continue to operate independently and will be fully managed by its two co-founders, Yevgeny Dibrov, CEO, and Nadir Izrael, CTO, and the executive team.
The latest will fund new product development and expansion of the marketing and sales teams, the company said in a statement.
According to IDC, there will be more than 40 billion connected devices by 2025. Many of these devices have little to no security defense. They cannot be protected in the same manner as traditional devices, posing unprecedented risks for organizations of all sizes and scales.
Armis aims to solve this unmet security need with its agentless, enterprise-class device security platform designed to address the new threat landscape of unmanaged and IoT devices.
“Cybersecurity for the built environment is no longer optional, and the need to secure devices throughout our organization is more critical than ever before,” said Zaki Abbas, Chief Information Security Officer, Brookfield Asset Management.
“One of the biggest challenges organizations face is the ability to identify and secure the devices connected across disparate business lines – you can’t protect what you don’t know about. Armis’ ability to monitor both managed and unmanaged devices across IT, IoT, IoMT and OT gives organizations a single pane of glass across all environments and mitigates their risks, as their ability to see everything enables IT teams to put the appropriate security in place to protect them from bad actors.”
Image Credit: Armis