The company’s co-founder and CEO, Yevgeny Dibrov, stated that the latest funding round will accelerate its growth and enable future acquisitions and technological advances. The company wants to expand its field of activity past IoT and to offer comprehensive protection for all customers’ assets.
Iot Growth Brings on New Challenges
Estimates say that there will be 75 billion IoT devices in the world by 2025, and most of them will be unmanaged. These are devices like smart thermostats, doorbells, fire detectors, motion sensors, medical and industrial machines, etc. They are designed to connect and improve productivity and efficiency.
Most of them have no security, can’t be updated, and the companies have no way to manage them. They pose a significant threat because they are “invisible” to the system, which means they can be manipulated from the outside without alerting internal security.
Armis Now Provides Wide Coverage
The company was initially known as a security provider for IoT, but now it offers comprehensive protection for every asset in a customer environment. According to the company, the platform covers assets in IT, enterprise, medical, IoT, industrial IoT, and operational technology (OT).
Nadir Izrael, chief technology officer and company’s co-founder, stated that it will triple its customer base in 2021. Armis currently works with 35% of Fortune 100 companies, including Home Depot, Mondelez International, DocuSign, and Sysco.