Funding round
Armis Series C
Armis, which works in cyber exposure management solutions in San Francisco, raised $65M in a Series C round announced on 11 Apr 2019, led by Sequoia Capital. 6 firms took part, 4 of them already investors. It is Armis' second venture round on record; the one before was a Series B in Apr 2018.
$65M
Amount raised
Not disclosed
Post-money valuation
6
Investors
1 lead
Valuation
What this round says about the price
Armis did not disclose a valuation in this round. It came 12 months after Armis' Series B. It is under 1% of the $8.88B Armis has raised in the venture rounds on record. Armis raised again 31 months later: a Growth round of $300M in Nov 2021, at $3.40B 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 this round 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
Sequoia Capital led the round with 5 other firms. Sequoia Capital, Bain Capital Ventures, Red Dot Capital Partners and Tenaya Capital had backed Armis before.
Lead investor
- Sequoia Capital backs 589 venture-backed companies existing investor
Also in the round
- Insight Partners backs 548 venture-backed companies new investor
- Intermountain Ventures new investor
- Bain Capital Ventures backs 220 venture-backed companies existing investor
- backs 23 venture-backed companies existing investor
- backs 34 venture-backed companies existing investor
Joined the board: Carl Eschenbach (Sequoia Capital).
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
242 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $35M, and this round was 1.9 times the median. The closest in time, other companies' Series C rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 24 Apr 2019 | $100M | $850M | Access Industries |
| Tech Companies | 3 Apr 2019 | $38M | not disclosed | Summit Partners |
| Tech Companies | 17 Apr 2019 | $33M | not disclosed | Battery Ventures |
| Tech Companies | 24 Apr 2019 | $32M | not disclosed | Stripes |
| Tech Companies | 23 Apr 2019 | $29M | not disclosed | LS Group |
| Tech Companies | 1 Apr 2019 | $28M | not disclosed | Foundation Capital and Lightspeed Venture Partners |
| Tech Companies | 25 Apr 2019 | $25M | not disclosed | Menlo Ventures |
| Tech Companies | 1 Apr 2019 | $23M | not disclosed | QED Investors and Invus |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Armis raise in its Series C round?
Armis raised $65M in its Series C round, announced in Apr 2019.
Who led Armis' Series C round?
Sequoia Capital led it, with Insight Partners, Intermountain Ventures, Bain Capital Ventures, Red Dot Capital Partners and Tenaya Capital.
What was Armis' valuation at the Series C round?
It was not disclosed.
How does it compare with other Series C rounds in Tech Companies?
242 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $35M, and this round was 1.9 times the median.
Did Armis raise again after this round?
Yes: a Growth round in Nov 2021 of $300M at $3.40B post-money.