Armis on verge of acquiring cyber startup Silk Security for tens of millions of dollars
Armis on verge of acquiring cyber startup Silk Security for tens of millions of dollars
Silk, which has developed a platform for sustainable cyber risk resolution, raised $12.5 million in Seed funding last August
Cybersecurity company Armis is on the verge of acquiring Israeli-American cyber startup Silk Security, Calcalist has learned. The deal is currently in advanced negotiations, and according to estimates, the purchase amount will be in the range of many tens of millions of dollars.
Armis told Calcalist in response: "Armis continues to experience rapid growth. We are engaged in discussions with numerous companies regarding strategic partnerships in areas tangential to our product and platform. We anticipate seeing initial results from these endeavors in the coming year. When there is something to update, we will announce it officially."
Silk has developed a platform for sustainable cyber risk resolution and raised $12.5 million in Seed funding last August. The funding was led by global software investor Insight Partners and Hetz Ventures, with participation of the CrowdStrike Falcon Fund and seasoned cybersecurity angel investors including Shlomo Kramer, Mickey Boodaei and Rakesh Loonkar.
Silk has developed a platform enabling security managers to automatically receive a comprehensive overview of vulnerabilities from all corporate alert tools. This allows them to identify the source of weaknesses, manage and prioritize them, and consequently, expedite their swift correction.
Silk was founded in early 2022 by CEO Yoav Nathaniel, CTO Bar Katz and CPO Or Priel.
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. Armis has developed an agentless, enterprise-class device security platform designed to address the threat landscape of unmanaged IoT devices.
