Armis Inc., the developer of a device detection and protection platform for businesses, has raised $200 million to support its growth efforts.

The company announcement investment today. He said capital came from General Catalyst, Alkeon Capital Management, Brookfield Technology Partners and Georgian. The Series D raise values ​​Armis at $4.3 billion, $1.3 billion more than it was worth after its last funding round in 2021.

In a large enterprise network with thousands of devices, some endpoints may escape the attention of administrators. This means that any vulnerabilities they may contain also go unnoticed. Armis provides a software platform, Centrix, that automatically maps devices on an enterprise network and scans them for cybersecurity issues.

The platform can find employee endpoints, printers, servers and network equipment. After spotting a new device, Centrix looks for vulnerabilities such as unpatched firmware with a known security flaw. The platform then ranks these vulnerabilities by severity to help administrators prioritize their remediation efforts.

Centrix also detects more subtle cybersecurity issues. The platform can identify situations where a device does not have antivirus installed, or has one but cannot fully use its features due to network issues. Some antivirus tools rely on a cloud-based backend to work, which means they can’t find malware if the system they’re running on doesn’t have an Internet connection.

Armis says its platform’s focus isn’t limited to cybersecurity issues. According to the company, Centrix is ​​also capable of detecting devices that violate the European Union’s GDPR privacy law. For healthcare organizations, Armis offers a feature that alerts administrators when the U.S. Food and Drug Administration recalls a medical device.

Device issues have historically been difficult to detect due to the way telemetry is collected. Typically, cybersecurity tools track a company’s hardware assets by analyzing the network traffic they generate. The challenge is that many systems, especially industrial and medical devices, only generate network traffic sporadically, creating little opportunity for telemetric data collection.

Armis says Centrix is ​​addressing the challenge with a mechanism called Smart Active Querying. According to the company, the feature collects data directly from devices without relying on network traffic analysis. It can determine what a device is used for, whether the firmware it’s running is up to date, and other technical details.

Today’s funding milestone comes about three months after Armis revealed its annual recurring revenue exceeded $200 million. It had reached the $100 million mark just 18 months earlier. To maintain this momentum, Armis will use its new capital to accelerate product development and explore acquisition opportunities.

The company hopes the new funding round will help it reach $500 million in annualized recurring revenue by 2026. According to Bloombergit intends to go public the same year. Sources said Reuters he has already started preparing the offer.

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