Funding round
Armis Series B
Armis, which works in cyber exposure management solutions in San Francisco, raised $30M in a Series B round announced on 9 Apr 2018, led by Red Dot Capital Partners. 4 firms took part. It is Armis' first venture round on record.
$30M
Amount raised
Not disclosed
Post-money valuation
4
Investors
1 lead
Valuation
What this round says about the price
Armis did not disclose a valuation in this round. It is Armis' first venture round on record, 3 years after it was founded in 2015. It is under 1% of the $8.88B Armis has raised in the venture rounds on record. Armis raised again 12 months later: a Series C round of $65M in Apr 2019. Its next priced round, a Growth in Nov 2021, valued it at $3.40B.
Armis' funding rounds
Armis has 7 venture rounds on record and 1 other deal. This one is highlighted.
- Series B this round 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 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
Red Dot Capital Partners led the round with 3 other firms.
Lead investor
- backs 23 venture-backed companies new investor
Also in the round
- Bain Capital Ventures backs 220 venture-backed companies new investor
- Sequoia Capital backs 589 venture-backed companies new investor
- backs 34 venture-backed companies new investor
Joined the board: Yaniv Stern (Red Dot Capital Partners).
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, sales and marketing, scaling operations and working capital.
- Product development
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
441 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $19M, and this round was 1.6 times the median. The closest in time, other companies' Series B rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 11 Apr 2018 | $36M | not disclosed | New Enterprise Associates and Amgen Ventures |
| Tech Companies | 9 Apr 2018 | $30M | not disclosed | Highland Europe |
| Perk Tech Companies | 11 Apr 2018 | $21M | not disclosed | Target Global and Felix Capital |
| Tech Companies | 10 Apr 2018 | $20M | not disclosed | Scale Venture Partners |
| Tech Companies | 13 Apr 2018 | $20M | not disclosed | Sapphire Ventures |
| Tech Companies | 24 Apr 2018 | $20M | not disclosed | TLV Partners |
| Tech Companies | 12 Apr 2018 | $16M | not disclosed | Vertex Ventures and Insight Partners |
| Tech Companies | 12 Apr 2018 | $15M | not disclosed | BMW i Ventures |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Armis raise in its Series B round?
Armis raised $30M in its Series B round, announced in Apr 2018.
Who led Armis' Series B round?
Red Dot Capital Partners led it, with Bain Capital Ventures, Sequoia Capital and Tenaya Capital.
What was Armis' valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Tech Companies?
441 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $19M, and this round was 1.6 times the median.
Did Armis raise again after this round?
Yes: a Series C round in Apr 2019 of $65M.