Armis Secures $300 Million Investment

PALO ALTO &&num;8212&semi; Armis, a cyber security platform provider, has closed its latest investment round and increased its valuation to &dollar;3&period;4 billion&period; One Equity Partners (&&num;8220&semi;OEP&&num;8221&semi;), in conjunction with existing investors, made a combined &dollar;300 million investment to accelerate strategic platform development and global go-to-market initiatives, and to support future acquisitions&period;&NewLine;OEP will also be joining the board of directors&period;&NewLine;&&num;8220&semi;One Equity Partners is the exact type of investor we need at this juncture&period; They deeply understand our sector and their acquisition expertise will help support us in achieving our expansion goals and objectives,&&num;8221&semi; said Yevgeny Dibrov, Chief Executive Officer and Co-Founder, Armis&period; &&num;8220&semi;We look forward to OEP joining our board and working with our investor group to continue to scale and to acquire a number of strategically important assets&period;&&num;8221&semi;&NewLine;Armis&&num;8217&semi; growth has been fueled by capturing an ever-increasing market share in a rapidly growing market and by expanding into new verticals and regions&period; Prior to this investment, Armis raised &dollar;300 million in total financing&period; Over the past 3 years, Armis reported an 8,826&percnt; increase in revenue and is among the fastest-growing cybersecurity companies globally&period; In recognition of the rapid expansion, Deloitte recently ranked Armis as the 25th fastest-growing technology company in North America in the 2021 Deloitte Technology Fast 500&period;&NewLine;&&num;8220&semi;Armis is the industry leader when it comes to asset visibility and security,&&num;8221&semi; said Ori Birnboim, Managing Director, OEP&period; &&num;8220&semi;We see a growing need for enterprises in a unified offering, and we are excited to work together with our partners to further accelerate the growth trajectory of the company and safeguard assets around the world&period;&&num;8221&semi;&NewLine;The close alignment of the OEP portfolio and the capabilities of Armis across healthcare, industrial OT, and technology will drive significant investments in customer acquisition and expansion&period; Allegro MicroSystems, a global leader in sensing and power semiconductor technology for motion control and energy efficiency, will be the first OEP portfolio company to deploy Armis protection throughout their networks&period;&NewLine;

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