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Armis Security

Armis Security

Cybersecurity for unmanaged and IoT devices

About

Armis focuses on cybersecurity for unmanaged and Internet of Things (IoT) devices. Its agentless security platform allows organizations to protect their devices without needing to install software agents, making deployment straightforward across different networks and locations. The platform offers real-time asset inventory, risk management, and detection and response capabilities, enabling businesses to monitor connected devices, evaluate associated risks, and address security threats effectively. Unlike many competitors, Armis specifically targets enterprises with numerous unmanaged and IoT devices, providing tailored solutions for industries like healthcare, manufacturing, finance, and retail. The company's goal is to ensure secure device adoption and protect organizational infrastructure, generating revenue through subscription fees and partnerships.

Company Stage

N/A

Employees

501-1,000

Industries

Cybersecurity, AI & Machine Learning

Total Funding

$522.4M

Headquarters

N/A

Founded

N/A


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Simplify's Take

What believers are saying

  • Winning multiple awards, including 'Hot Cybersecurity Company' and 'Best Product' for Attack Surface Management, enhances Armis' reputation and marketability.
  • The company's focus on real-time asset inventory and risk management provides critical security insights for enterprises across various industries.
  • Armis' subscription-based model ensures a steady revenue stream, supporting continuous innovation and service improvement.

What critics are saying

  • The cybersecurity market is highly competitive, with numerous players offering similar solutions, which could impact Armis' market share.
  • Reliance on a subscription-based model may pose financial risks if customer acquisition or retention rates decline.

What makes Armis Security unique

  • Armis offers an agentless security platform, making it easier and faster to deploy compared to competitors requiring software agents.
  • The company specializes in protecting unmanaged and IoT devices, a niche but rapidly growing market segment.
  • Armis has received multiple prestigious awards, including six Global InfoSec Awards at RSAC 2024, highlighting its industry leadership.

Growth & Insights
Headcount

6 month growth

4%

1 year growth

9%

2 year growth

20%

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