Israeli cybersecurity firm Armis has announced the closure of a $ 125 million financing round led by Brookfield Asset Management, valued at $ 2 billion. This latest funding round comes a year after US venture capital Insight Partners took control of Armis for roughly half of the current valuation – $ 1.1 billion. Existing investors have participated in the most recent round of financing including Insight and CapitalG, Alphabet’s growth, and the new investor in Georgian FinTech has also participated. Most recent financing round amounts to $ 300 million of the amount raised by Armis. Related Materials Armis is developing a proxy-free hardware security platform. The company was founded in 2015 by CEO Yevgeny Dibrov, chief technology officer Nader Israel, and Tomer Schwartz who no longer works with the company. Although Insight acquired Insight last year, Armis is still an independently managed company with 350 employees based at Palo Alto’s headquarters and development center in Tel Aviv. Dibrov and Israel told Globus that they did not look for any investment money, but they received an offer that they could not turn down. “This is not a conventional venture capital fund,” said DeBruff. Brookfield manages approximately $ 600 billion in assets including companies in a range of areas such as energy, healthcare, and real estate. Some of these companies are our clients and through them Brookfield realized we were the leading solution in Market and decided to join as a strategic partner. ” Posted by Globes, Israel business news – en.globes.co.il – Feb 9, 2021 © Copyright Globes Publisher Itonut (1983) Ltd. 2021
Cybersecurity company Armis raised $ 125 million with a valuation of $ 2 billion
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