Armis Hits $300M in Annual Revenue, Awaits Right Moment for IPO

Armis, a cybersecurity startup, has reached $300 million in annual recurring revenue, up from $200 million in August. CEO Yevgeny Dibrov attributed the growth to the increasing number of devices organizations need to protect from cybersecurity threats. Armis is still assessing the right time for a public listing, valuing the company at $4.5 billion after a recent employee tender. The successful IPO debut of Figma has reignited interest in the IPO market, but Dibrov has no urgency for Armis to go public.

Armis, a cybersecurity startup specializing in identifying, tracking, and protecting devices against cybersecurity threats, has achieved $300 million in annual recurring revenue (ARR), up from $200 million in August 2024 [2]. The company, based in San Francisco, has seen significant growth due to the increasing number of devices organizations need to protect from cyber threats.

CEO Yevgeny Dibrov attributed the growth to the growing number of devices that organizations must secure against cybersecurity threats. He stated, "There are more and more attacks on critical infrastructure. This is why we basically continue to grow fast" [2].

Armis recently closed an employee tender valued at approximately $100 million, which valued the company at $4.5 billion, up from a $4.2 billion valuation in October [2]. The successful IPO debut of design software firm Figma Inc. has reignited interest in the IPO market, but Dibrov has no urgency for Armis to go public, indicating that the company is still assessing the right time for a public listing [2].

References:
[1] https://www.bwdisrupt.com/article/safe-security-secures-70-mn-in-series-c-eyes-triple-digit-growth-in-fy26-saket-modi-565615
[2] https://www.bloomberg.com/news/articles/2025-08-04/cyber-firm-armis-hits-300-million-in-annual-revenue-on-ipo-path