Device security platform Armis hits $2bn valuation after fresh investment

Device security platform Armis has reached a $2bn valuation after a strategic investment from a group of backers.

Brookfield Asset Management served as the lead investor, with commitments also coming from previous backers Insight Partners, CapitalG, Alphabet’s independent growth fund and Georgian.

As part of the deal, Brookfield will provide the opportunity to bring Armis’s device security services to its businesses.

The funds will also enable Armis to release a number of new products and expand its marketing and sales teams.

With the close of the round, Armis has raised a total of $300m in financing to date. It also brings the RegTech’s valuation to $2bn.

Insight Partners will remain as the majority stakeholder of Armis.

Armis is an agentless device security platform which offers real-time and continuous protection to see and control all managed, unmanaged and IoT devices.

Brookfield Technology Partners managing partner Josh Raffaelli said, “Armis is an industry leader that offers the most comprehensive and effective security solutions for agentless devices.

“Brookfield underwent a thorough yearlong industry evaluation, and it was clear that Armis was the only platform able to serve and scale globally across the vast industries in which we operate whether it be infrastructure, real estate, renewables, healthcare or telecom. We are very excited at the opportunity to partner with Armis at this juncture in their growth trajectory.”

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