Armis Security buys Israeli co Silk Security for $150m

• Published date: 17 April 2024
• Author: Meytal Vaizberg
• Publication title: Globes (Rishon LeZion, Israel)

Silk was founded in 2022 by CEO Yoav Nathaniel, CTO Bar Katz and CPO Or Priel. The company has raised $12.5 million to date from investors including Insight Partners, Falcon Fund, CrowdStrike and Hetz Ventures. Armis itself was founded in 2015 by CEO Yevgeny Dibrov and CTO Nadir Izrael. Armis's customers include Fortune 100,200 and 500 companies as well as governments, state agencies and local authorities

Dibrov said, "Global enterprises and governments need a platform that can address the entire lifecycle of cybersecurity threats. Given today's complicated, dynamic threat landscape, legacy technologies and point solutions are no longer fit for purpose. To ensure the entire attack surface is both defended and managed in real time, organizations need a comprehensive solution that quantifies and reduces risk continually through the ability to prioritize and remediate the most important security findings at any given time, in any environment."

Dibrov told "Globes," "We have grown very significantly in recent years and we are trying to build a platform here. This is something that our customers also want and are pushing us to. Ultimately, if you want to...