Led · Equity · Nov 2021

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 · Equity · Jul 2020

Infobip is a cloud-based communications platform that enables businesses to build 'connected customer experiences' across channels including SMS, WhatsApp, Viber and Facebook Messenger. Founded in 2006 and based in Croatia, the company reports 600+ direct-to-carrier connections, allowing potential connectivity to roughly 7 billion people and things. This raise—Infobip's first external round—secured north of $200 million from private equity firm One Equity Partners at a valuation above $1 billion. The company says it will focus on expanding its business with the new capital. Infobip is also considering an initial public offering in the United States at a later date. Prior to this deal the company had not taken outside funding.