Funding round
Armis Growth
Reported as "Growth Equity"
Armis, which works in cyber exposure management solutions in San Francisco, raised $435M in a Growth round announced on 5 Nov 2025, led by Growth Equity at Goldman Sachs Alternatives, at a $6.10B post-money valuation. 3 firms took part, 2 of them already investors. It is Armis' sixth venture round on record; the one before was a Growth in Jul 2025.
$435M
Amount raised
$6.10B
Post-money valuation
$5.67B pre-money
3
Investors
1 lead
1.4x
Step-up from the Growth
$4.50B in Jul 2025
7.1%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Armis at $6.10B after the new money, 1.4 times the $4.50B of its Growth (Jul 2025). The $435M bought investors about 7.1% of the company. It came 4 months after Armis' Growth. It is 4.9% of the $8.88B Armis has raised in the venture rounds on record. Armis raised again 1 month later: a Growth round of $7.75B in Dec 2025.
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 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 this round 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
Growth Equity at Goldman Sachs Alternatives led the round with 2 other firms. Growth Equity at Goldman Sachs Alternatives and CapitalG had backed Armis before.
Lead investor
- Growth Equity at Goldman Sachs Alternatives existing investor
Also in the round
- CapitalG backs 70 venture-backed companies existing investor
- backs 43 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, acquisitions and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Acquisitions
- Working capital
Comparable rounds
How it compares
398 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $54M, and this round was 8.1 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Firmus Tech Companies | 14 Nov 2025 | $327M | not disclosed | not named |
| Ramp Tech Companies | 17 Nov 2025 | $300M | $32.00B | Lightspeed Venture Partners |
| Synthesia Tech Companies | 1 Nov 2025 | $200M | $4.00B | GV |
| Tech Companies | 17 Nov 2025 | $135M | $2.65B | not named |
| Tech Companies | 17 Nov 2025 | $100M | $388M | not named |
| SmartHR Tech Companies | 18 Nov 2025 | $96M | not disclosed | General Atlantic |
| Tech Companies | 20 Nov 2025 | $70M | not disclosed | Springcoast Capital Partners |
| Tech Companies | 20 Nov 2025 | $50M | not disclosed | Blackstone |
Sources
Where this comes from
Reported by 9 sources.
Questions
Frequently asked
How much did Armis raise in its Growth round?
Armis raised $435M in its Growth round, announced in Nov 2025.
Who led Armis' Growth round?
Growth Equity at Goldman Sachs Alternatives led it, with CapitalG and Evolution Equity Partners.
What was Armis' valuation at the Growth round?
$6.10B post-money ($5.67B pre-money).
How does it compare with other Growth rounds in Tech Companies?
398 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $54M, and this round was 8.1 times the median.
Did Armis raise again after this round?
Yes: a Growth round in Dec 2025 of $7.75B.