Armis nabs $30M to protect enterprises’ connected devices from attack
For a large enterprise, securing all the different devices connected to its network can be a monumental undertaking — especially for the companies that are actively increasing their use of sensors and other internet-enabled hardware to streamline operations.
Armis Inc. has made its mission to address the security challenges around connected devices. The Palo Alto-based startup today announced that it has raised $30 million in funding from a group of prominent investors to fuel the effort.
The round was led by Red Dot Capital Partners, a venture capital firm backed by Singaporean national wealth fund Temasek Holdings Pvt Ltd. The other participants in the round were Sequoia Capital, Bain Capital Ventures and Tenaya Capital. Armis plans to use the new funds to expand the capabilities of its namesake cybersecurity platform.
Armis is built around a “device knowledge base” that contains information about the behavior patterns of several million internet-enabled devices. According to the startup, its platform draws on the data to identify potential security issues with the hardware in a company’s network. The software is designed to catch a wide range of potential problems.
According to Armis, the platform can detect devices that have been connected to a company’s infrastructure without authorization or contain malware, as well as hardware vulnerable to future attacks. The algorithms under the hood also keep a lookout for insecure connections. When Armis finds a violation, the software is capable of disconnecting the offending device from the corporate network.
The startup does all this without requiring an agent to be installed on devices to collect security information, a requirement with many network protection tools. Armis Chief Executive Officer Yevgeny Dibrov explained in an interview with TechCrunch that this agentless approach was born out of necessity. Many connected devices, particularly the low-power kind, don’t have the computing power to run an external piece of security software.
Armis claimed its platform has been adopted by “numerous customers in the Fortune 100” since release. On the organizational side, the startup has grown to 50 employees since exiting stealth mode last year.
Image: Armis
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