Celebrating $200M ARR: Armis’ Rapid Growth and Industry Leadership

Introduction:

When Yevgeny and I founded Armis in 2016, we had a dream of creating a world-class cybersecurity platform that would redefine how organizations protect their digital environments. Today, I am incredibly grateful to share that Armis has surpassed $200 million in annual recurring revenue (ARR). Achieving this milestone in less than 18 months after crossing the $100M ARR mark is a testament to our hard work, innovative spirit, and the trust our clients place in us. This rapid growth is a clear indicator of our leadership in the cybersecurity industry and the effectiveness of our solutions in addressing the complex challenges faced by organizations today.

Armis’ Growth Story:

Reflecting on our journey from $100M to $200M ARR, it’s incredible to see how far we’ve come in such a short time. When Yevgeny and I started this company, we did not know how fast and big it would grow. Our growth trajectory has been nothing short of phenomenal. This success didn’t happen overnight; it’s the result of strategic decisions, relentless dedication, and an unwavering focus on delivering value to our clients. We’ve been laser-focused on expanding our product offerings, entering new markets, and forming strategic partnerships that have propelled us forward.

Key Innovations and Product Highlights:

Our growth is driven by our commitment to innovation and the exceptional quality of our technology. Our award-winning platform includes five product suites:

• Armis Centrix™ for Asset Management and Security
• Armis Centrix™ for OT/IoT Security
• Armis Centrix™ for Medical Device Security
• Armis Centrix™ for VIPR Pro, VIPR (Med & OT)
• Armis Centrix™ for Actionable Threat Intelligence

Each are designed to address specific cybersecurity needs across various sectors, verticals, and industries. These product suites are the result of tireless work, cutting-edge research, and a dedication to excellence.

As I’ve often said, “Our platform is not just a product; it’s a revolution in cybersecurity, built by some of the best and brightest minds in the industry.”

• Advanced Threat Detection: We’ve pushed the boundaries of what’s possible with our threat detection capabilities, allowing our clients to stay ahead of sophisticated cyber threats. Our platform’s ability to identify and mitigate threats in real-time is unmatched in the industry.
• Enhanced Asset Management: Our solutions offer unparalleled visibility, security and control over digital assets, ensuring our clients can manage their environments with confidence. This includes comprehensive coverage of IoT, OT, and IT assets, providing a holistic security approach.
• AI/ML In Practice: Our cyber exposure management platform called Armis Centrix™ leverages AI/ML technology to comb through immense volumes of data points, including 500 billion daily asset events and hundreds of millions of consolidated vulnerabilities. Combined with external data sources and threat intelligence feeds, our data is operationalized in real-time by more than 30 AI/ML engines that are used in asset discovery, asset profile and context, asset intelligence, threat detection and response.
• Seamless Integration: We’ve engineered our solutions to integrate seamlessly with existing security infrastructures, making it easier for our clients to deploy and benefit from our technologies. Our platform’s flexibility and ease of integration set us apart from competitors.
• Holistic Security Approach: Our platform covers all sectors and industries, offering a best-in-breed solution that addresses the unique challenges faced by organizations in different verticals. Whether it’s healthcare, finance, manufacturing, or critical infrastructure, Armis provides tailored solutions to meet diverse needs.
• World-Class Technology: Built by some of the best and brightest minds in cybersecurity, our platform is at the forefront of technological innovation. Our team’s expertise and dedication have resulted in a robust, reliable, and cutting-edge product that continuously evolves to meet emerging threats.

These innovations have been pivotal in addressing the evolving needs of our clients and ensuring their digital ecosystems are secure.

Strengthening Client Relationships:

Our clients are at the heart of everything we do. Their trust and confidence in our solutions have been crucial to our success. We’ve worked tirelessly to deepen our relationships with existing clients and attract new ones, helping them achieve their security goals. The success stories we hear from our clients are incredibly rewarding and affirm that we’re on the right track.

For instance, our solutions have enabled Delta Air Lines to bring over 90,000 IoT assets and 600 unique types of OT assets into visibility, significantly improving their security posture. These success stories underscore the impact we’re making and the value we deliver.

Looking Ahead:

Looking to the future, we have big plans. Our vision is to continue our upward trajectory by focusing on innovation, market expansion, and strategic partnerships. We’re working on some exciting new products that will further enhance our offerings and meet the dynamic needs of the cybersecurity landscape. Additionally, we’re exploring new markets and regions to broaden our reach and impact.

Our strategic initiatives are aimed at solidifying Armis’ market position and driving even more value for our clients. We’re not just resting on our laurels; we’re pushing forward with ambitious goals and a clear vision for the future.

Conclusion:

Hitting the $200M ARR milestone is a significant achievement, but it’s just the beginning. We are aiming for $600 million to $1 billion in ARR and beyond. Our mission is to solidify Armis as a multi-generational cybersecurity leader, celebrated for our technical excellence and steadfast commitment to innovation and quality. Our commitment to excellence, innovation, and client success remains as strong as ever. Thank you to our incredible team, clients, and partners for being a part of this journey. Together, we’re shaping the future of cybersecurity.