Cyber exposure management and security company Armis announced Monday that it has surpassed $300 million in annual recurring revenue (ARR), growing from $200 million in ARR in less than 12 months. The company serves thousands of customers such as United Airlines, Colgate-Palmolive, and Mondelez, including over a third of the Fortune 100, as well as dozens of federal agencies and states. 60% of Fortune 10 companies, 3 of the 5 largest retailers in the US, 3 out of 5 largest Banks and many more rely on Armis to secure their most critical operational technology (OT), Internet of Things (IoT), IT and medical environments helping them to remediate all their vulnerabilities and findings from code to cloud.
“Surpassing another $100m milestone in ARR so quickly proves we have the right platform, the right set of products, and our customers are using Armis for complete cyber risk exposure management and security,” said Yevgeny Dibrov, CEO and co-founder of Armis. “Customers globally are excited about our roadmap and recognise the vital role we play being one of their most important security providers. I want to thank all our customers, partners, and the Armis team for their continued delivery as we secure the most critical environments of every major organization and vertical.”
Armis’ commitment to expanding partner engagement and increasing partner-driven revenue and services with significant Global Systems Integrators (GSIs) contracts has resulted in the increased accessibility of Armis to the benefit of global organizations striving to better manage their cyber risk exposure in real time. This partner-centric approach has significantly contributed to Armis’ exponential growth trajectory. Armis actively partners with organizations such as AWS, KPMG, Accenture, PWC, Fortinet, Guidepoint, WWT, Google, and hundreds more, ensuring that its capabilities are available worldwide.
Armis has expanded its global footprint further in the last 12 months, opening new offices in Munich, London, Bucharest, and New York, and has accelerated its product roadmap by forging strategic technology acquisitions with several visionary technology leaders. It has continued to build out the Armis platform with three new products in the span of a year, and the subsequent expansion of the company’s products and expertise has made a substantial impact on Armis’ capabilities, extending its existing expertise in OT and CPS security with a new hybrid offering and on-premises offering. This enables Armis to support organizations that rely on environments that are airgapped or sequestered from online access.
“The investments we’ve made in organic and inorganic product development and in building the strong go-to-market machine we have built are paying off and driving huge momentum,” said Jonathan Carr, chief financial officer of Armis. “Each technology that we develop works together, creating a better together story for our customers and enabling us to address security in ways that just were not possible before. We strive to help organizations move from ‘detect and then respond’ to a more proactive approach that allows them to protect their organizations before an attack happens. The results we have seen have been a great validation of this approach, and we are poised to have our best year yet, growing in excess of top public company benchmarks.”
