Cybersecurity Firm Armis Raises $435M at $6.1B Valuation, Rejects $5B Buyout Offer
Summary
Cybersecurity firm Armis raises $435 million at a $6.1 billion valuation while boldly rejecting seven acquisition offers including a $5 billion bid from Thoma Bravo, choosing instead to pursue an IPO in late 2026 with $300 million in annual recurring revenue.
Key Points
- Armis raises $435 million in pre-IPO funding led by Goldman Sachs Alternatives, valuing the cybersecurity company at $6.1 billion
- The company rejects seven acquisition offers including a $5 billion bid from Thoma Bravo, choosing to pursue IPO plans for late 2026 or early 2027
- Armis reports $300 million in annual recurring revenue and targets $500 million while achieving cash-flow positive status before going public