Armis, an IoT security startup, announced that it has exceeded USD 100 million in annual recurring revenue (ARR) from just USD 1 million in less than five years.
The company has also revealed plans to achieve operational profitability with a positive cash flow and reach USD 200 million in ARR within a year. It is also planning to acquire and form partnerships with other companies as part of its strategy for 2023.
Armis counts Fortune 100 companies, such as Colgate-Palmolive, Mondelez International, DocuSign, Allegro Microsystems, and Takeda Pharmaceuticals, among its customers.
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