Armis Secures $200M Series D Funding Co-led by General Catalyst
Deal News | Nov 07, 2024 | General Catalyst Partners LLC
General Catalyst has announced a $200 million co-lead Series D investment in Armis, a company specializing in cybersecurity solutions for critical industries. This funding aligns with General Catalyst's global resilience thesis, focusing on enhancing dynamic and resilient systems across sectors like defense, healthcare, and fintech. The investment is driven by the belief that applied AI will transform asset protection, making enterprises more secure in an increasingly connected world. Armis was founded in 2015 by Yevgeny and Nadir to address complex security needs across diverse geographical and technological landscapes. With a robust customer base and new products in remediation, Armis is positioned as a transformative cybersecurity entity benefiting from AI advancements.
Sectors
- Cybersecurity
- Venture Capital
- Technology
Geography
- United States – The article highlights meetings and operations tied to San Francisco, and companies like United Airlines suggest a significant U.S. presence.
Industry
- Cybersecurity – The article centers on an investment in Armis, a firm that provides cybersecurity solutions aimed at protecting both physical and digital assets across various industries.
- Venture Capital – General Catalyst's role as a venture capital entity co-leading the investment in Armis highlights the venture capital industry's engagement in funding innovative companies.
- Technology – Armis operates in the technology sector, focusing on cybersecurity applications enriched by artificial intelligence.
Financials
- $200M – The amount invested in Armis during their Series D funding round, co-led by General Catalyst.
- $200M ARR – Armis has achieved an Annual Recurring Revenue (ARR) of $200 million, indicating its business scale and market impact.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| General Catalyst Partners LLC | Investor | Company | A venture capital firm co-leading the $200M Series D investment in Armis. |
| Armis | Target Company | Company | A cybersecurity company focused on enhancing enterprise security, receiving the $200M Series D investment. |
| Yevgeny and Nadir | Founders | People | Founders of Armis, responsible for driving the company's vision and customer-centric approach. |
| United Airlines, Colgate Palmolive, Mondelez, Reckitt | Customers | Companies | Examples of customers using Armis' cybersecurity solutions. |