ServiceNow Acquires Armis for $7.75B, Boosting Cybersecurity PortfolioServiceNow, a major enterprise software company, has agreed to buy Armis, a nine-year-old cybersecurity startup, for $7.75 billion in cash. Armis specializes in securing critical infrastructure for Fortune 500 companies and governments. This deal significantly increases Armis valuation, following a $435 million pre-IPO funding round in April, which valued the company at $6.1 billion. Armis CEO had previously expressed interest in going public around late 2026 or 2027, but an acquisition proved more advantageous due to unpredictable IPO markets. Armis has experienced remarkable growth, with $340 million in annual recurring revenue and over 50% year-over-year growth. This acquisition follows ServiceNows busy year, including deals for MoveWorks and Veza. Armis has raised a total of $1.45 billion from investors like Sequoia, CapitalG, and Insight Partners, positioning ServiceNow for a strong push in the cybersecurity sector.

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