On Wednesday, cybersecurity company Armis revealed that it had secured a substantial $435 million in its latest funding round, propelling its valuation to an impressive $6.1 billion. In a little over a year, the company's valuation has skyrocketed by over 45%. In the present climate, where vital electronic infrastructures of both enterprises and governments are increasingly becoming the focal points of targeted attacks, there has been a notable uptick in the market's need for digital threat defense mechanisms. Armis intends to channel these fresh funds into broadening its global sales and marketing divisions, expediting its business growth across North America, Europe, and the Asia-Pacific regions, and amplifying its investment in research and development, with a special emphasis on pioneering solutions tailored for industrial IoT and the security of critical infrastructures.
