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Armis Secures $30 Million in Series B Round

Armis Secures $30 Million in Series B Round

Enterprise IoT security company Armis raised $30 million in Series B funding. Red Dot Capital Partners, a Temasek-backed venture capital fund based in Israel, led the round with Bain Capital Ventures. Sequoia Capital and Tenaya Capital also participated as return investors.

Armis’s agentless, hardware-free security solution delivers comprehensive visibility of every device in its environment, analyzes and classifies devices and their behavior in order to identify risks or attacks, and protects critical information and systems, eliminating the enterprise IoT security blind spot.

Armis will use the investment to expand sales and marketing, and further develop its device knowledge base and security platform.