11. Armis Security

Company: Armis Security

Founder(s): Yevgeny Dibrovand and Nadir Izrael

Website: https://www.armis.com/

Description: Armis is the leading agentless, enterprise-class device security platform designed to address the new threat landscape of unmanaged and IoT devices.

 

armis-logo

 

According to IDC, there will be more than 40 billion connected devices by 2025, most of which will be unmanaged devices with no security. These devices represent the fastest growing attack landscape for organisations worldwide, from manufacturing floors to hospital rooms.

In 2015, Yevgeny Dibrovand and Nadir Izrael identified this unmet security need and founded Armis with the mission to solve it.

Since its formation, Armis has been enabling enterprises to adopt new connected devices without fear of compromise by cyber-attack. Fortune 100 and Global 2000 enterprises across all verticals and the globe such as Mondelēz, Sysco, Fresenius, Home Depot, Oracle, and DocuSign now rely on Armis to help protect their businesses and clients.

Due to their commitment to continued rapid expansion into IT and OT, and their dedication to protecting healthcare systems during the pandemic, Armis has seen exceptional revenue and customer growth. Their diligent approach has resulted in a revenue growth of 750%, while the number of customers has grown over 425% in recent years.

Due to their impressive progression, Armis has been recognised by Forrester as a leader in connected medical device security, named a leader in OT Security by ISG, cited in Gartner’s 2020 Market Guide for Medical Device Security Solutions, and were awarded IoT Security Company of the Year 2021 at the IoT Breakthrough Awards.

Furthermore, Armis launched its channel partner program in 2020 and has already gained 130 active partners. In response to this rapid development, Armis has expanded its team to over 350 personnel this year, including the appointments of Brian Gumbel as Chief Revenue Officer and Jonathan Carr as Chief Financial Officer.

To date, Armis has raised $300M in total financing and is valued at $2 billion, having attracted their most recent investment from Brookfield Technology Partners, the technology investment arm of Brookfield Asset Management.