Funding round
Armis Growth
Reported as "Growth Equity"
Armis, which works in cyber exposure management solutions in San Francisco, raised $300M in a Growth round announced on 29 Nov 2021, led by One Equity Partners, at a $3.40B post-money valuation. 2 firms took part. It is Armis' third venture round on record; the one before was a Series C in Apr 2019.
$300M
Amount raised
$3.40B
Post-money valuation
$3.10B pre-money
2
Investors
1 lead
8.8%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Armis at $3.40B after the new money. The $300M bought investors about 8.8% of the company. It came 31 months after Armis' Series C. It is 3.4% of the $8.88B Armis has raised in the venture rounds on record. Armis raised again 35 months later: a Series D round of $200M in Oct 2024, at $4.20B post-money.
Armis' funding rounds
Armis has 7 venture rounds on record and 1 other deal. This one is highlighted.
- Series B 9 Apr 2018, led by Red Dot Capital Partners $30M
- Series C 11 Apr 2019, led by Sequoia Capital $65M
- Acquisition not a venture round 6 Jan 2020, led by Insight Partners $1.10B$1.10B post-money
- Growth this round 29 Nov 2021, led by One Equity Partners $300M$3.40B post-money
- Series D 28 Oct 2024, led by General Catalyst and Alkeon $200M$4.20B post-money
- Growth 23 Jul 2025, led by Georgian $100M$4.50B post-money
- Growth 5 Nov 2025, led by Growth Equity at Goldman Sachs Alternatives $435M$6.10B post-money
- Growth 30 Dec 2025, led by ServiceNow $7.75B
Investors
Who put money in
One Equity Partners led the round with 1 other firm.
Lead investor
- new investor
Also in the round
- Insight Partners backs 548 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and acquisitions.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Acquisitions
Comparable rounds
How it compares
432 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $57M, and this round was 5.3 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Dream Sports Tech Companies | 24 Nov 2021 | $840M | $8.00B | Falcon Edge and DST Global |
| Formstack Tech Companies | 18 Nov 2021 | $425M | not disclosed | Silversmith Capital Partners and PSG |
| Intellistack Tech Companies | 18 Nov 2021 | $425M | not disclosed | not named |
| Tech Companies | 23 Nov 2021 | $350M | not disclosed | K1 Investment Management |
| Tech Companies | 25 Nov 2021 | $300M | $5.00B | Insight Partners |
| Tech Companies | 10 Nov 2021 | $240M | $1.00B | not named |
| Tech Companies | 3 Nov 2021 | $234M | not disclosed | SoftBank Corp. |
| Consensys Tech Companies | 17 Nov 2021 | $200M | $3.20B | Marshall Wace and Third Point |
Sources
Where this comes from
Reported by 4 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Armis raise in its Growth round?
Armis raised $300M in its Growth round, announced in Nov 2021.
Who led Armis' Growth round?
One Equity Partners led it, with Insight Partners.
What was Armis' valuation at the Growth round?
$3.40B post-money ($3.10B pre-money).
How does it compare with other Growth rounds in Tech Companies?
432 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $57M, and this round was 5.3 times the median.
Did Armis raise again after this round?
Yes: a Series D round in Oct 2024 of $200M at $4.20B post-money.