Armis announced a $435 million pre-IPO funding round on November 5, 2025, at a stated $6.1 billion valuation. The round was led by Growth Equity at Goldman Sachs Alternatives, with major participation from CapitalG. Since then, ServiceNow acquired Armis: it announced the deal in December 2025 and completed it on April 20, 2026.
How much did Armis raise, and who invested?
Armis said it raised $435 million in the November 2025 round. Growth Equity at Goldman Sachs Alternatives led it; CapitalG had major participation; and Evolution Equity Partners joined as a new investor alongside existing investors. Armis did not disclose individual check sizes or the full allocation of the round.
The $435 million is the amount raised, while $6.1 billion is the valuation Armis stated following the financing. They are different figures: one is the round’s proceeds, the other the company’s stated value in that private funding transaction.
What did Armis report about its business and plans?
At the time of the funding announcement, Armis reported that it had recently exceeded $300 million in annual recurring revenue (ARR), with growth above 50%. These were company-reported figures, not independently audited results cited in the announcement.
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Armis said it would use the capital for product innovation, go-to-market expansion, strategic acquisitions, and execution of a three-year plan. That plan included preparing for an initial public offering and targeting $1 billion in ARR. The IPO preparation and ARR figure were forward-looking intentions and a target, not a completed IPO or achieved revenue milestone.
What happened after the pre-IPO round?
| Date | Event | Reported figure or status |
|---|---|---|
| November 5, 2025 | Armis announced its pre-IPO funding round. | $435 million raised at a stated $6.1 billion valuation; Armis reported more than $300 million ARR and growth above 50%. Armis announcement |
| December 23, 2025 | ServiceNow announced an agreement to acquire Armis. | Approximately $7.75 billion in cash, subject to customary adjustments and closing conditions. ServiceNow said Armis had surpassed $340 million ARR with year-over-year growth above 50% at that later point. ServiceNow announcement |
| April 20, 2026 | ServiceNow reported that it completed the acquisition. | Approximately $7.75 billion in cash. ServiceNow said Armis Centrix remained available as a standalone solution while platform integration was underway. ServiceNow completion announcement |
How should the $6.1 billion valuation and $7.75 billion deal price be compared?
They are figures from different transactions at different dates. The $6.1 billion was the valuation Armis stated after a private funding round in November 2025. The approximately $7.75 billion was the cash consideration ServiceNow announced for its acquisition the following month and reported at completion in April 2026. The figures are not a like-for-like measurement of a simple valuation increase.
Armis CEO and co-founder Yevgeny Dibrov described the financing as “another defining moment in our journey to build a category-defining cybersecurity company.” The quote appeared in Armis’s November 5, 2025 announcement.
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