Palo Alto-based IoT security firm Armis banks $30M Series B

Armis, a Palo Alto-based IoT security company raised a $30 Million Series B led by Red Dot Capital Partners, Bain Capital Ventures, Sequoia Capital and Tenaya Capital.

Palo Alto-based IoT security firm Armis banks $30M Series B 1 image

The company previously raised $17M from Sequoia Capital and Tenaya Capital in June last year whereby the latest round brought total equity funding of Armis to $47M. It plans to use the raised funds for expansion of its sales, marketing, and product development teams.

The core solution by Armis is an agentless monitoring and visibility to all devices present on an enterprise network. These may be connected devices like laptop computers, smartphones, TVs, webcams, printers, HVAC systems, and medical devices that might be used to mount an attack on a network.

Typical threats Armis customers can expect to thwart include botnet attacks, network breaches, ransomware, and data loss. Typical industries served by Armis include finance, manufacturing, and healthcare.

A key concept Armis focuses on is protection from ‘shadow IoT’. Just like shadow IT in which employees of an organization may use unauthorized apps like Dropbox or other cloud apps, Armis helps enterprises to mitigate the threat from shadow IoT devices that were not explicitly approved but are so pervasive that one way or other employees start using them in offices. These may include webcams, Smart TVs, Alexa, Amazon Echo or other services.

“Worldwide spending on IoT security is expected to reach $3 billion in 2021. Armis’ growth potential in this market is virtually unlimited, as it’s one of the few companies providing global organizations with the ability to take full advantage of the IoT and digital transformation without having to sacrifice security. We are very impressed with Yevgeny and Nadir, as well as the team that surrounds them.”
Yaniv Stern, Managing Partner at Red Dot Capital Partners and now a board member of Armis

Trend Reports

10 Trends to Watch

What are the technology and user trends that will shape your business?

[gravityform id="38" title="false" description="false" ajax="true" tabindex="49"]
<div class='gf_browser_unknown gform_wrapper' id='gform_wrapper_38' ><div id='gf_38' class='gform_anchor' tabindex='-1'></div><form method='post' enctype='multipart/form-data' target='gform_ajax_frame_38' id='gform_38' action='/pulse/palo-alto-based-iot-security-firm-armis-banks-30m-series-b/#gf_38'> <div class='gform_body'><ul id='gform_fields_38' class='gform_fields top_label form_sublabel_below description_below'><li id='field_38_2' class='gfield field_sublabel_below field_description_below gfield_visibility_visible' ><label class='gfield_label gfield_label_before_complex' >Your Name</label><div class='ginput_complex ginput_container no_prefix has_first_name no_middle_name no_last_name no_suffix gf_name_has_1 ginput_container_name' id='input_38_2'> <span id='input_38_2_3_container' class='name_first' > <input type='text' name='input_2.3' id='input_38_2_3' value='' aria-label='First name' tabindex='50' aria-invalid="false" /> <label for='input_38_2_3' >First</label> </span> </div></li><li id='field_38_3' class='gfield field_sublabel_below field_description_below gfield_visibility_visible' ><label class='gfield_label' for='input_38_3' >Can you share a high level overview of what you are looking for?</label><div class='ginput_container ginput_container_textarea'><textarea name='input_3' id='input_38_3' class='textarea medium' tabindex='54' aria-invalid="false" rows='10' cols='50'></textarea></div></li><li id='field_38_4' class='gfield field_sublabel_below field_description_below gfield_visibility_visible' ><label class='gfield_label' for='input_38_4' >Best way to reach you?</label><div class='ginput_container ginput_container_text'><input name='input_4' id='input_38_4' type='text' value='' class='medium' tabindex='55' aria-invalid="false" /></div></li> </ul></div> <div class='gform_footer top_label'> <input type='submit' id='gform_submit_button_38' class='gform_button button' value='Submit' tabindex='56' onclick='if(window["gf_submitting_38"]){return false;} window["gf_submitting_38"]=true; ' onkeypress='if( event.keyCode == 13 ){ if(window["gf_submitting_38"]){return false;} window["gf_submitting_38"]=true; jQuery("#gform_38").trigger("submit",[true]); }' /> <input type='hidden' name='gform_ajax' value='form_id=38&amp;title=&amp;description=&amp;tabindex=49' /> <input type='hidden' class='gform_hidden' name='is_submit_38' value='1' /> <input type='hidden' class='gform_hidden' name='gform_submit' value='38' /> <input type='hidden' class='gform_hidden' name='gform_unique_id' value='' /> <input type='hidden' class='gform_hidden' name='state_38' value='WyJbXSIsIjI0MzNjYTY3YTUxNWM5ZTM5NmFkOWNiZWJiMjkyMDYyIl0=' /> <input type='hidden' class='gform_hidden' name='gform_target_page_number_38' id='gform_target_page_number_38' value='0' /> <input type='hidden' class='gform_hidden' name='gform_source_page_number_38' id='gform_source_page_number_38' value='1' /> <input type='hidden' name='gform_field_values' value='' /> </div> </form> </div> <iframe style='display:none;width:0px;height:0px;' src='about:blank' name='gform_ajax_frame_38' id='gform_ajax_frame_38'>This iframe contains the logic required to handle Ajax powered Gravity Forms.</iframe> <script type='text/javascript'>jQuery(document).ready(function($){gformInitSpinner( 38, 'https://www.postscapes.com/wp-content/plugins/gravityforms/images/spinner.gif' );jQuery('#gform_ajax_frame_38').on('load',function(){var contents = jQuery(this).contents().find('*').html();var is_postback = contents.indexOf('GF_AJAX_POSTBACK') >= 0;if(!is_postback){return;}var form_content = jQuery(this).contents().find('#gform_wrapper_38');var is_confirmation = jQuery(this).contents().find('#gform_confirmation_wrapper_38').length > 0;var is_redirect = contents.indexOf('gformRedirect(){') >= 0;var is_form = form_content.length > 0 && ! is_redirect && ! is_confirmation;var mt = parseInt(jQuery('html').css('margin-top'), 10) + parseInt(jQuery('body').css('margin-top'), 10) + 100;if(is_form){jQuery('#gform_wrapper_38').html(form_content.html());if(form_content.hasClass('gform_validation_error')){jQuery('#gform_wrapper_38').addClass('gform_validation_error');} else {jQuery('#gform_wrapper_38').removeClass('gform_validation_error');}setTimeout( function() { /* delay the scroll by 50 milliseconds to fix a bug in chrome */ jQuery(document).scrollTop(jQuery('#gform_wrapper_38').offset().top - mt); }, 50 );if(window['gformInitDatepicker']) {gformInitDatepicker();}if(window['gformInitPriceFields']) {gformInitPriceFields();}var current_page = jQuery('#gform_source_page_number_38').val();gformInitSpinner( 38, 'https://www.postscapes.com/wp-content/plugins/gravityforms/images/spinner.gif' );jQuery(document).trigger('gform_page_loaded', [38, current_page]);window['gf_submitting_38'] = false;}else if(!is_redirect){var confirmation_content = jQuery(this).contents().find('.GF_AJAX_POSTBACK').html();if(!confirmation_content){confirmation_content = contents;}setTimeout(function(){jQuery('#gform_wrapper_38').replaceWith(confirmation_content);jQuery(document).scrollTop(jQuery('#gf_38').offset().top - mt);jQuery(document).trigger('gform_confirmation_loaded', [38]);window['gf_submitting_38'] = false;}, 50);}else{jQuery('#gform_38').append(contents);if(window['gformRedirect']) {gformRedirect();}}jQuery(document).trigger('gform_post_render', [38, current_page]);} );} );</script><script type='text/javascript'> jQuery(document).bind('gform_post_render', function(event, formId, currentPage){if(formId == 38) {} } );jQuery(document).bind('gform_post_conditional_logic', function(event, formId, fields, isInit){} );</script><script type='text/javascript'> jQuery(document).ready(function(){jQuery(document).trigger('gform_post_render', [38, 1]) } ); </script>
[gravityform id="38" title="false" description="false" ajax="true" tabindex="49"]
<div class='gf_browser_unknown gform_wrapper' id='gform_wrapper_38' ><div id='gf_38' class='gform_anchor' tabindex='-1'></div><form method='post' enctype='multipart/form-data' target='gform_ajax_frame_38' id='gform_38' action='/pulse/palo-alto-based-iot-security-firm-armis-banks-30m-series-b/#gf_38'> <div class='gform_body'><ul id='gform_fields_38' class='gform_fields top_label form_sublabel_below description_below'><li id='field_38_2' class='gfield field_sublabel_below field_description_below gfield_visibility_visible' ><label class='gfield_label gfield_label_before_complex' >Your Name</label><div class='ginput_complex ginput_container no_prefix has_first_name no_middle_name no_last_name no_suffix gf_name_has_1 ginput_container_name' id='input_38_2'> <span id='input_38_2_3_container' class='name_first' > <input type='text' name='input_2.3' id='input_38_2_3' value='' aria-label='First name' tabindex='50' aria-invalid="false" /> <label for='input_38_2_3' >First</label> </span> </div></li><li id='field_38_3' class='gfield field_sublabel_below field_description_below gfield_visibility_visible' ><label class='gfield_label' for='input_38_3' >Can you share a high level overview of what you are looking for?</label><div class='ginput_container ginput_container_textarea'><textarea name='input_3' id='input_38_3' class='textarea medium' tabindex='54' aria-invalid="false" rows='10' cols='50'></textarea></div></li><li id='field_38_4' class='gfield field_sublabel_below field_description_below gfield_visibility_visible' ><label class='gfield_label' for='input_38_4' >Best way to reach you?</label><div class='ginput_container ginput_container_text'><input name='input_4' id='input_38_4' type='text' value='' class='medium' tabindex='55' aria-invalid="false" /></div></li> </ul></div> <div class='gform_footer top_label'> <input type='submit' id='gform_submit_button_38' class='gform_button button' value='Submit' tabindex='56' onclick='if(window["gf_submitting_38"]){return false;} window["gf_submitting_38"]=true; ' onkeypress='if( event.keyCode == 13 ){ if(window["gf_submitting_38"]){return false;} window["gf_submitting_38"]=true; jQuery("#gform_38").trigger("submit",[true]); }' /> <input type='hidden' name='gform_ajax' value='form_id=38&amp;title=&amp;description=&amp;tabindex=49' /> <input type='hidden' class='gform_hidden' name='is_submit_38' value='1' /> <input type='hidden' class='gform_hidden' name='gform_submit' value='38' /> <input type='hidden' class='gform_hidden' name='gform_unique_id' value='' /> <input type='hidden' class='gform_hidden' name='state_38' value='WyJbXSIsIjI0MzNjYTY3YTUxNWM5ZTM5NmFkOWNiZWJiMjkyMDYyIl0=' /> <input type='hidden' class='gform_hidden' name='gform_target_page_number_38' id='gform_target_page_number_38' value='0' /> <input type='hidden' class='gform_hidden' name='gform_source_page_number_38' id='gform_source_page_number_38' value='1' /> <input type='hidden' name='gform_field_values' value='' /> </div> </form> </div> <iframe style='display:none;width:0px;height:0px;' src='about:blank' name='gform_ajax_frame_38' id='gform_ajax_frame_38'>This iframe contains the logic required to handle Ajax powered Gravity Forms.</iframe> <script type='text/javascript'>jQuery(document).ready(function($){gformInitSpinner( 38, 'https://www.postscapes.com/wp-content/plugins/gravityforms/images/spinner.gif' );jQuery('#gform_ajax_frame_38').on('load',function(){var contents = jQuery(this).contents().find('*').html();var is_postback = contents.indexOf('GF_AJAX_POSTBACK') >= 0;if(!is_postback){return;}var form_content = jQuery(this).contents().find('#gform_wrapper_38');var is_confirmation = jQuery(this).contents().find('#gform_confirmation_wrapper_38').length > 0;var is_redirect = contents.indexOf('gformRedirect(){') >= 0;var is_form = form_content.length > 0 && ! is_redirect && ! is_confirmation;var mt = parseInt(jQuery('html').css('margin-top'), 10) + parseInt(jQuery('body').css('margin-top'), 10) + 100;if(is_form){jQuery('#gform_wrapper_38').html(form_content.html());if(form_content.hasClass('gform_validation_error')){jQuery('#gform_wrapper_38').addClass('gform_validation_error');} else {jQuery('#gform_wrapper_38').removeClass('gform_validation_error');}setTimeout( function() { /* delay the scroll by 50 milliseconds to fix a bug in chrome */ jQuery(document).scrollTop(jQuery('#gform_wrapper_38').offset().top - mt); }, 50 );if(window['gformInitDatepicker']) {gformInitDatepicker();}if(window['gformInitPriceFields']) {gformInitPriceFields();}var current_page = jQuery('#gform_source_page_number_38').val();gformInitSpinner( 38, 'https://www.postscapes.com/wp-content/plugins/gravityforms/images/spinner.gif' );jQuery(document).trigger('gform_page_loaded', [38, current_page]);window['gf_submitting_38'] = false;}else if(!is_redirect){var confirmation_content = jQuery(this).contents().find('.GF_AJAX_POSTBACK').html();if(!confirmation_content){confirmation_content = contents;}setTimeout(function(){jQuery('#gform_wrapper_38').replaceWith(confirmation_content);jQuery(document).scrollTop(jQuery('#gf_38').offset().top - mt);jQuery(document).trigger('gform_confirmation_loaded', [38]);window['gf_submitting_38'] = false;}, 50);}else{jQuery('#gform_38').append(contents);if(window['gformRedirect']) {gformRedirect();}}jQuery(document).trigger('gform_post_render', [38, current_page]);} );} );</script><script type='text/javascript'> jQuery(document).bind('gform_post_render', function(event, formId, currentPage){if(formId == 38) {} } );jQuery(document).bind('gform_post_conditional_logic', function(event, formId, fields, isInit){} );</script><script type='text/javascript'> jQuery(document).ready(function(){jQuery(document).trigger('gform_post_render', [38, 1]) } ); </script>