Participated · Series D · Oct 2024

Founded nine years ago, Armis offers security software that protects critical infrastructure across Fortune 500 companies as well as national, state, and local governments. The platform focuses on identifying and safeguarding unmanaged and IoT devices, helping large organizations reduce cyber-risk across their operational technology environments. Armis reports annual recurring revenue of $300 million and is targeting $500 million in ARR while becoming cash-flow positive ahead of an IPO. Management says the company is already running with public-company discipline, meeting quarterly financial targets. Recent inbound interest included seven acquisition offers—one reportedly a $5 billion bid from Thoma Bravo—which the company declined. Instead, Armis raised fresh capital, increasing its valuation to $6.1 billion and underscoring its commitment to go public in late 2026 or early 2027.

Participated · Series D · Oct 2024

Armis provides a cyber exposure management and security platform (Armis Centrix) that protects the entire attack surface and manages organizations' cyber risk exposure in real time across IT, OT, medical devices, cloud, code, and software assets. The company secures Fortune 100, 200 and 500 companies as well as national, state and local government entities. Led by CEO and co-founder Yevgeny Dibrov, Armis intends to use new funding to accelerate organic product innovation and global go-to-market programs. The company recently surpassed $200 million in Annual Recurring Revenue (ARR), having grown ARR by an additional $100 million in less than 18 months. Armis is targeting a future IPO and is pursuing milestones of $500M ARR and ultimately $1 billion ARR and beyond. The company is based in San Francisco, CA. Armis is a Palo Alto, Calif.–based unified asset visibility and security platform provider. It delivers complete visibility, vulnerability detection, and risk management across IT, enterprise, medical, operational technology, ICS, IoT, and IIoT environments. Fortune 1000 companies use its real-time, continuous protection to see managed, unmanaged, and IoT devices, including medical devices and industrial control systems. The company is led and fully managed by co‑founders Yevgeny Dibrov (CEO) and Nadir Izrael (CTO) alongside its executive team. Armis plans to use recent funds to accelerate strategic platform development, expand global go‑to‑market initiatives, and pursue future acquisitions. Financially, the company raised $300M and increased its valuation to $3.4 billion. Armis provides an agentless device security platform that gives organizations real-time, continuous visibility and control over managed, unmanaged, and IoT devices—from laptops and smartphones to medical devices, industrial control systems, and building systems. The platform is backed by a cloud-based Armis Device Knowledgebase that the company says is tracking more than 500 million assets daily. Armis offers passive asset management, risk scoring, and automated enforcement, and recently launched Armis Asset Management plus a channel partner program that already counts 130 active partners. The company says revenue grew more than 750% and customer count grew over 425% in recent years, and it expanded headcount to over 350 personnel while adding senior hires such as a CRO and CFO. Armis plans to use new investment proceeds to fund a backlog of product development and to expand marketing and sales teams as it continues rapid expansion into healthcare, OT, and IT markets. Armis is privately held and headquartered in Palo Alto, California. Armis provides agentless security for IoT and other networked devices by passively observing device behavior and building statistical/machine-learning models to fingerprint normal activity. The company emphasizes a non-intrusive approach because active scanning can disrupt older or sensitive devices. Armis says its model is effectively a crowdsourced device behavior engine, with clients contributing to master behavioral models. The startup reported 700% growth in the last year and had about 125 employees at the time of the article, with plans to double headcount before year-end. To support that growth it plans to hire across sales and marketing, expand customer support, and build partnership programs with systems integrators, ISVs and MSPs. The company has used recent funding to accelerate hiring and scale operations. Armis provides an agentless security platform that discovers, fingerprints and monitors IoT and other connected devices by analyzing existing infrastructure, network and wireless traffic. The company maintains a growing knowledge base of more than 5 million devices and combines device fingerprints with environmental context to detect anomalous behavior and, depending on configuration and severity, alert or shut down devices. Armis launched in 2015 and is led by co-founder and CEO Yevgeny Dibrov. The startup has dozens of customers and about 50 employees, with a 35-person R&D team in Israel and sales and marketing staff in the US. It recently raised a $30 million Series B (bringing total funding to $47 million) and plans to use part of the capital to increase R&D to continue building its device database. Investors in the company include Bain Capital Ventures, Red Dot Capital, Sequoia Capital and Tenaya Capital.

Led · Series D · Jan 2023

Sirion delivers a contract lifecycle management (CLM) solution that embeds specialized AI agents directly into enterprise contracting workflows. The platform supports more than seven million contracts in over 100 languages, allowing organizations to gain visibility into risk, compliance, and post-signature obligations. By combining conversational interfaces with deep contract data, Sirion aims to turn static documents into actionable, executable knowledge. Management plans to accelerate product innovation and broaden global go-to-market reach, shifting customers from simple contract repositories to intelligent, workflow-driven contracting environments. The company is positioning its AI capabilities to handle drafting, negotiation, and obligation management, giving teams faster turnaround and higher confidence in contract performance. No revenue or valuation figures were disclosed in the article, but the scale of contracts managed suggests significant enterprise adoption.

Participated · Series E · Sep 2022

VTS offers a multi-product commercial real estate platform (VTS Lease, VTS Rise, VTS Data, VTS Market) that delivers real-time market information and executional capabilities for landlords, brokers, and tenants. The platform captures the industry’s largest first-party data set and is used by 19 of the 20 largest global asset managers. VTS’s metrics include management of over 300,000 tenant companies, more than 87,000 properties across 40+ countries, a user base of over 45,000 CRE professionals, and execution of over $31 billion of leases in 2021 with over 2 billion square feet added. The company reports coverage of more than 60% of Class A U.S. office space and 12 billion square feet of office, retail, and industrial space managed through the platform globally. VTS plans to accelerate product innovation, pursue strategic acquisitions, and expand its team in the U.S., U.K., and Canada using the newly raised capital. VTS offers a centralized leasing, marketing, asset management, and tenant experience platform for commercial real estate professionals. Its software lets landlords and brokers track leases, assets, and tenants and delivers real-time insights and reporting through products such as VTS Data, Market/Marketplace, and VTS Rise. The platform is used by over 45,000 brokers and asset managers and manages roughly 12 billion square feet of office, retail, and industrial real estate globally, covering more than 60% of U.S. Class A office space. VTS says the capital will accelerate investments in its strategic product roadmap, support M&A activity, and fund global market expansion. The company has positioned the platform as the industry’s largest first-party data source to fuel faster, more informed decision making. VTS provides a leasing and asset management platform for commercial real estate landlords, brokers, and tenants that centralizes leasing workflows and real-time portfolio insights. The platform manages more than 10 billion square feet of office, retail, and industrial assets and has a user base exceeding 35,000, with clients including Blackstone, Brookfield, GLP, LaSalle, Hines, Boston Properties, Oxford, JLL, and CBRE. VTS says customers convert leads to leases 41% faster using its tools and in 2018 launched VTS MarketView, a real-time benchmarking and market analytics product. Proceeds from the latest round will be used to deepen investment in the platform domestically and internationally and to accelerate the launch of truva, an end-to-end commercial real estate leasing marketplace expected later this year. The company positions itself as the category leader for leasing and asset management technology in commercial real estate. VTS operates a commercial leasing and asset management platform that lets landlords, brokers, and tenant representatives track leasing trends, manage negotiations, monitor marketing performance, and run leasing pipelines. The company reports its platform manages about 2.7 billion square feet of real estate and includes roughly 80% of the top 10 global investment managers as customers. VTS is growing 100% year-over-year. It raised a $55M Series C led by Insight Venture Partners, bringing total funding to $84M. VTS plans to use the funding to fuel global expansion—targeting EMEA and APAC markets beginning with Germany, the Netherlands, and Sydney—and to continue product development. The company aims to become the industry-standard platform for commercial real estate, combining software and the data it generates to improve client performance. VTS provides a platform where brokers, owners, and investors can collaborate in real time and from any device, centralizing information about available spaces and prospective clients. The platform includes an analytics dashboard that aggregates data on specific buildings, tenants, and market trends to inform leasing and portfolio decisions. VTS reports around 1.5 billion square feet being managed on its platform and is used by large landlords and brokerage firms including Blackstone and JLL. The company was previously known as View The Space and was founded by former commercial brokers Ryan Masiello and Nick Romito. VTS plans to use new funding to boost growth in the U.S. and expand internationally, with offices in Sydney and London slated to open before the end of the year. Management says the company is growing at a pace far faster than anticipated.

Led · Series D · May 2022

Material Bank is a NYC-based scalable digital marketplace that lets design professionals and brands search, sample, and specify architectural and design materials. The platform powers complex searches across hundreds of brands in seconds and pairs that software with a large-scale robotic logistics facility. Samples ordered by midnight ET are delivered in a single box by 10:30 AM the next day. The company serves more than 90,000 active members and connects global brand partners through its logistics network. Material Bank plans to use new capital to foster relationships within the real estate and construction industries, expand its global presence, and pursue potential strategic acquisitions. The company is led by Founder and CEO Adam I. Sandow. Material Bank operates a marketplace for design professionals and brands to discover and sample architectural, design, and construction materials. Led by founder, chairman and CEO Adam I. Sandow, the platform connects 375 brands with over 65,000 members performing almost 700,000 material searches a month. The marketplace is supported by a 380,000 square foot logistics facility near FedEx’s World Hub in Memphis, Tennessee, which uses autonomous robots to fulfill tens of thousands of sample requests nightly. Material Bank intends to use recent funding to scale teams and infrastructure, expand into new verticals, pursue strategic acquisitions, and seed long-term growth initiatives. The company is based in Miami, Florida, and has raised $157M in total funding after a $100M Series C. Bob Mylod of Annox Capital will join the board as part of the financing. Material Bank operates a logistics platform that aggregates materials from hundreds of manufacturers and allows designers and architects to search, filter and order physical samples. Orders placed by midnight ET are fulfilled from a Memphis facility adjacent to FedEx’s sorting center and can arrive by 10am ET the next morning in a single reusable box. The company combines aggregation and rapid delivery with automation — partnering with Locus Robotics in its facility — while paying human workers about $17.50 an hour. Material Bank’s service is free to architects and designers and uses a hybrid SaaS model for manufacturers that includes a monthly listing fee plus transactional fees for leads and sample orders. Founded by Adam I. Sandow and launched in January 2019, the business spun out of Sandow Group and was built on plans to create tools and services beyond media. Material Bank reported record revenues in March during the coronavirus period and expected to beat that record in April; the company has raised a total of $55 million since inception.