Armis acquires cyber startup CTCI for $20 million
Armis acquires cyber startup CTCI for $20 million
CTCI (Cyber Threat Cognitive Intelligence) is a privately held company specializing in AI-powered pre-attack threat hunting technology
Asset intelligence cybersecurity company Armis announced on Wednesday that it has agreed to acquire CTCI (Cyber Threat Cognitive Intelligence), a privately held company specializing in AI-powered pre-attack threat hunting technology.
In a private deal which closed this week, Armis acquired all of CTCI's technology and employees, expecting to merge the company with Armis over the next 30 days. Armis will integrate CTCI’s technology into Armis Centrix to boost its early warning cyber intelligence system.
The companies did not reveal the value of the deal, but it is estimated at around $20 million. Calcalist revealed last month that Armis is on the verge of acquiring cyber startup Silk Security for tens of millions of dollars. The negotiations are currently ongoing.
An AI-native company, CTCI was founded in 2020 by CEO Andrew Grealy and CTO Michael Freeman. Leveraging Armis’ Asset Intelligence Engine and feeding CTCI’s proprietary intelligence database, Armis Centrix will provide early warning indicators based on intelligence from the dark web, AI-based honeypots and known adversaries to alert organizations of a potential breach or attack.
“In the face of continued, escalating cyber threats we recognize the importance of preempting an attack. It is time for the security community to redefine our operating paradigm by proactively finding and stopping attacks rather than taking action once the attack is launched,” said Yevgeny Dibrov, CEO and Co-Founder of Armis. “This acquisition signals our unwavering commitment to be the core platform that manages the entire attack surface. Enterprises and organizations leveraging Armis Centrix for Actionable Threat Intelligence will lead from a position of strength in managing their cyber exposure.”
Armis, which announced at the start of last year that it reached an ARR of $100 million, was acquired by Insight Partners and Google’s investment fund Capital G for $1.1 billion in January 2020. Armis raised $300 million at a $3.4 billion valuation in November 2021, taking its total funding to $600 million. The round was led by One Equity Partners.
Armis was founded in 2015 by CEO Yevgeny Dibrov and CTO Nadir Izrael.
