Armis Eyes IPO After $435M Raise, Defying Acquisition Trends
So, there's been a lot of talk about cybersecurity companies getting snapped up by bigger players, like Google's recent grab of Wiz. Going public seems like a rarer path these days. But Armis, a cybersecurity startup that's been around for nine years, wants to buck that trend.
I've been watching the cybersecurity landscape, and it's true, we haven't seen many big IPOs lately. SentinelOne, Rubrik, and Netscope are some of the few that come to mind. It takes a lot to stay independent, especially when deep-pocketed companies come knocking with acquisition offers.
Armis just snagged a whopping $435 million in a pre-IPO funding round, led by Goldman Sachs Alternatives. That's a serious chunk of change! It values the company at $6.1 billion. The CEO, Yevegny Dibrov, has his sights set on an IPO in late 2026 or early 2027.
It seems like they were getting a lot of attention from potential buyers. They reportedly turned down some offers, including one around $5 billion. That tells me that Armis is really committed to going public.
Dibrov mentioned that going public is his "personal dream," and you can see that he is pretty serious on this, since Armis is focusing on growing its revenue and making sure its financials are solid. They're already acting like a public company, hitting their quarterly targets and all.
Armis specializes in securing critical infrastructure for big corporations, governments, and local entities. It's a vital service, and I think their focus on this niche is paying off. To achieve an IPO, companies must follow a rigorous process.
And, in my opinion, the cybersecurity space will continue to evolve, and it's exciting to see companies like Armis aiming high and pushing for independence. Whether they can pull it off remains to be seen, but I'll be watching closely!
Source: TechCrunch