Armis Security

Armis runs an agentless, enterprise-class security platform focused on identifying and responding to threats specific to IoT devices. The platform uses an out-of-band technology to discover and analyze endpoint behavior of all managed, and unmanaged IoT devices, ranging from traditional devices such as laptops and smartphones to unmanaged devices such as smart TVs, webcams, printers, HVAC systems, industrial robots, and medical systems. The company focuses on the internet of medical things (IoMT) and the industrial internet of things (IIoT) as manufacturers switch to smart production. The company uses its “Armis Device Knowledgebase” database to analyze devices for threats and creates device-specific behavioral profiles. Armis was acquired by Insight Partners, a global venture capital and private equity firm, in February 2020 for around USD 1.1 billion.

Armis launched an AI-powered exposure management platform, Centrix, in September 2023. The platform leverages AI to proactively remediate vulnerabilities and detect and block threats, protecting an organization’s entire attack surface. 

In January 2024, Armis acquired Silk Security, an Israeli-American cyber risk monitoring and management startup, which had developed a sustainable cyber risk solution that collates alerts from across an organization’s entire tech ecosystem. Soon after, in February, the company acquired CTCI to build AI-powered early warning systems.

In February 2023, the company announced that it had exceeded USD 100 million in annual recurring revenue (ARR) from just USD 1 million in less than five years. The company also revealed plans to achieve operational profitability with a positive cash flow and reach USD 200 million in ARR within 2023. It has also planned to acquire and form partnerships with other companies as part of its strategy for 2023.

Key customers and partnerships

Armis serves customers across numerous sectors, including manufacturing, technology, telecommunications, retail, hospitality, logistics, energy, utilities, healthcare, and financial services. Notable customers as of February 2024 included Allegro Microsystems, Burke Rehabilitation and Research, Colgate Palmolive, Flex, United, and Takeda. As of February 2024, Armis reported several Fortune 100 companies among its customer base.

The company's partnership ecosystem is integral to its strategy, encompassing technology integrations, strategic alliances, and channel partners. This network is designed to extend the reach and capabilities of Armis's platform. In August 2022, the company partnered with the threat detection and response company, SentinelOne to jointly provide three unified solutions that protect organizations across endpoints, cloud, mobile, IoT, OT devices, and more. Armis also partnered with TrueFort in April 2023 to address lateral movement of threat actors, and with cybersecurity consulting firm Security Risk Advisors (SRA) in August, combining its technology with SRA’s specialized services.