One Equity Partners, along with existing investors, has led a combined $300 million investment in Armis, a unified asset visibility and security platform provider. This will close Armis’ latest investment round, increasing its valuation to $3.4 billion.
The investment will be used to accelerate strategic platform development and global GTM initiatives in addition to supporting future acquisitions for Armis. Prior to the investment, Armis raised $300 million in financing and saw a large 8,825% increase in revenue over the last 3 years.
One Equity Partners will join the board of directors with additional investors Insight Partners, Brookfield Asset Management, Georgian, RedDot, and CapitalG.
“OEP and Armis see great value in quickly deploying the industry-leading asset security capabilities of Armis across global companies within the OEP portfolio,” said Andrew Dunn, managing director, OEP. “Given our experience in the cybersecurity market, we also plan to assist Armis in quickly extending its asset security leadership through strategic acquisitions.”