vArmour builds a platform for managing and securing how applications and people interact across multi-cloud and hybrid environments, a capability it calls Application Relationship Management. The company provides real-time visibility, controls, and accountability to monitor relationships, find vulnerabilities, and enforce policy across distributed services. It has expanded its product set from application policy management to include identity access management, and recently launched an AI lab in Calgary. Customers include telecommunications and financial-services firms, and the company reports net new annual recurring revenue doubled year over year. vArmour has signaled plans to pursue an IPO in the next roughly two to 2.5 years and has appointed a CFO as part of that go-public plan. Leadership has also indicated the company may pursue acquisitions to extend its product and market reach. vArmour provides Application Relationship Management that gives enterprises deep visibility into application relationships across dynamic, hybrid environments, enabling control of operational and cyber risk. Its software lets customers map relationships enterprise‑wide in one view and secure hybrid clouds without adding costly new agents or infrastructure. The company positions its product to reduce operational risk and increase application resiliency during digital transformation and amid pandemic-driven budget pressures. Standard Chartered’s SC Ventures has made a strategic investment and its cybersecurity team is deploying vArmour to improve security across critical applications. The investment is intended to support vArmour’s global expansion. vArmour was founded in 2011, is based in Los Altos, CA, and is backed by investors including Highland Capital Partners, AllegisCyber, Redline Capital, Citi Ventures, and Telstra. vArmour offers a platform that centralizes security policy management and continuous compliance across disparate public and private cloud environments. Its core product, the vArmour Application Controller, helps knit together or standardize security services across multiple clouds and can halt breaches by applying controls across environments. The company has introduced a self-service version of its product to target smaller organizations and relies on channel partners (including Telstra) for sales. vArmour is not disclosing revenues but says it has grown 100% year-over-year for the last two years and has "way more than 100 customers," including hospitals, churches, 8–10 of the largest service providers, and over 25 financial institutions. The company has previously operated in stealth and has raised a total of $127 million to date. vArmour plans to pursue an IPO in the next couple of years. vArmour builds security software aimed at enterprises running services and applications across multiple clouds, placing controls inside networks to segment problems and provide forensics. Its solution is positioned as more efficient and less expensive than incumbent firewall and monitoring tools, and competes with vendors such as Fortinet and Palo Alto Networks. The product installs quickly (company says in about 15 minutes) and can segment a data center within an hour. vArmour reports roughly 165 customers covering about 100,000 virtual machines and is targeting 450 customers this year. The company was cash-flow positive as of last summer but is currently reinvesting returns into growth. A strategic partnership with Telstra will support expansion of data center security services in the Asia Pacific market. vArmour is a stealth security company focused on securing the data defined perimeter by giving enterprises instant visibility and control of East/West traffic flows for both old and new data center architectures. The company highlights deployments of advanced data center security technology at scale and positions its product to address pervasive virtualization, constant threats and advanced security breaches. vArmour said it will use the new capital to scale its development and sales teams and is prepared to launch later in 2014. The company was founded in January 2011 and is based in Mountain View, California. Management includes CEO Tim Eades and a board with industry veterans; recent board additions include Pravin Vazirani (Menlo Ventures) and Mohsen Moazami (CNTP), and investors Lane Bess and Dave Stevens are also board members. As of the announcement the company reported recent funding and plans to commercialize its offering globally across US, EMEA and APAC.

Total raised

$185M

Funding rounds

6

Latest round

Equity

Latest activity

Feb 2021