Armis Receives $ 65 Million C Series as IoT Security Industry Gains Up – TechCrunch

Armis helps companies protect IoT devices on the network without the need for an agent. This is apparently a problem that is resonating in the market, as the startup has grown by 700% over the past year. This caught the attention of investors, who gave them a $ 65 million Series C investment to continue to accelerate this growth.

Sequoia Capital Led the cycle with the help of new investors, Insight Venture Partners and Intermountain Ventures. Returning investors Bain Capital Ventures, Red Dot Capital Partners and Tenaya Capital also participated. Today's investment brings the total amount to $ 112 million, according to the company.

The company solves a difficult problem regarding device management on a network. If you have devices that you can not call an agent to follow, how do you handle them? Nadir Izrael, co-founder of the company and chief technology officer, says that you have to do it with caution because even looking for ports can prove to be excessive for older devices and that they can be safe. Stop. Instead, he says that Armis takes a pbadive approach to security, monitors, learns and understands what a normal device behavior looks like – a kind of behavioral fingerprint.

"We are watching what devices are doing on the network. We look at their behavior and deduce everything we need to know, "Izreal told TechCrunch. He adds, "Armis in a word is a crowdsourcing engine of giant appliance behavior. Basically, every Armis customer is constantly learning the behavior of the devices. And these statistical models, these machine learning models, they are merged into master models. "

Whatever they do, they seem to have reached a critical point for security. Almost exactly a year ago, they announced a $ 30 million B series. They returned because they grew up quickly and needed capital to hire staff.

This type of growth is a challenge for any startup. The company plans to double its 125 employees by the end of the year, but is currently working to put in place systems to incorporate these new people and serve all of these people. new customers.

Of course, the company plans to hire more sales and marketing staff, but will focus on customer support and partnering programs to get help from system integrators. , from independent software vendors and MSPs, who can take care of them.