Armis Achieves Over $300 Million in Annual Recurring Revenue
Armis has announced that it has surpassed USD $300 million in annual recurring revenue, marking a significant increase from USD $200 million in less than twelve months. The company provides cyber exposure management and security solutions to a diverse array of global organisations, including United Airlines, Colgate-Palmolive, and Mondelez. Notably, Armis serves over a third of the Fortune 100, along with numerous federal agencies and state entities. Its client base includes 60% of Fortune 10 companies, three of the five largest US retailers, and three of the five largest banks, among other major enterprises. The technology developed by Armis protects operational technology (OT), Internet of Things (IoT), information technology (IT), and medical environments, helping organisations address vulnerabilities ranging from software code to cloud infrastructure.
The rapid growth in annual recurring revenue is attributed to the increasing demand for the Armis Centrix platform and its related products. Armis reports that organisations are increasingly adopting its offerings to enhance visibility, protection, and management of their entire digital attack surface. Yevgeny Dibrov, CEO and Co-Founder of Armis, stated that surpassing another USD $100 million milestone in ARR so quickly demonstrates the effectiveness of their platform and product suite. He expressed gratitude to customers, partners, and the Armis team for their continued support in securing critical environments across various sectors. The company has also intensified its focus on expanding partner engagement and revenue through strategic partnerships, signing contracts with several large Global Systems Integrators to make its cyber exposure management solutions more accessible worldwide.
Armis has expanded its physical presence by opening new offices in Munich, London, Bucharest, and New York. Over the past year, the company has broadened its product portfolio by launching three new products and making several technology acquisitions. These advancements have enhanced its expertise in OT and cyber-physical systems (CPS) security, enabling support for airgapped or disconnected environments through new hybrid and on-premises offerings. Jonathan Carr, Chief Financial Officer of Armis, noted that the investments made in both organic and inorganic product development, along with a robust go-to-market strategy, are yielding significant momentum for the company.