"Armis, a nine-year-old cybersecurity startup based out of San Francisco, intends to follow in these companies' footsteps. The company said on Wednesday that it has raised a $435 million pre-IPO round led by Growth Equity at Goldman Sachs Alternatives. CapitalG made a significant investment in the round, and new investor Evolution Equity Partners also participated. The round values Armis at $6.1 billion, a meaningful jump from the $4.5 billion tender offer valuation the startup announced in August."
"Armis is hoping to launch its IPO in late 2026 or early 2027, its co-founder and CEO, Yevegny Dibrov (pictured above; right), told TechCrunch. The round comes in the wake of significant acquisition interest in the company. In September, Bloomberg reported that Armis had received seven offers, which included a potential $5 billion bid from private equity firm Thoma Bravo. But this new funding is an indicator of how serious Armis is about an IPO, a move which Dibrov described as his "personal dream.""
Armis raised a $435 million pre-IPO round led by Growth Equity at Goldman Sachs Alternatives, with participation from CapitalG and Evolution Equity Partners, valuing the company at $6.1 billion. The valuation increased from a $4.5 billion tender offer in August. Armis plans an IPO in late 2026 or early 2027 and aims to grow annual recurring revenue from $300 million to $500 million while becoming cash-flow positive before the offering. Significant acquisition interest included seven offers and a potential $5 billion bid from Thoma Bravo. Armis provides security software for critical infrastructure used by Fortune 500 companies and governments.
Read at TechCrunch
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