Overview
- Goldman Sachs Alternatives’ Growth Equity led the pre-IPO investment, with CapitalG participating and Evolution Equity Partners joining as a new backer.
- Armis recently surpassed $300 million in annual recurring revenue and is targeting $1 billion, with an IPO eyed for late 2026 or early 2027 subject to market conditions.
- The raise follows reported buyout overtures, including a potential roughly $5 billion Thoma Bravo bid, and marks an increase from a $4.5 billion tender offer valuation disclosed in August.
- Executives say the capital will accelerate product innovation, go-to-market execution, selective acquisitions and IPO readiness on a path to cash-flow positivity.
- Armis provides cyber exposure management across connected devices, operational technology and cloud environments, serving governments and more than 40% of the Fortune 100.