Doubling Down On AI
This week, executives at Armis said the company is taking its next major step toward joining the ranks of the largest cybersecurity vendors, with the launch of new AI-powered functionality across its products. The company’s cyber exposure management platform, which is now known as Centrix, has integrated a number of new generative AI capabilities to enable natural language queries, according to Armis.
[Related: Armis Planning For IPO As Soon As 2024: CEO Yevgeny Dibrov]
The Armis Centrix platform specializes in offering improved visibility for devices and assets across IT, medical, IoT and OT, as well as enhanced management and security for the assets. The company’s vulnerability management offering, introduced in mid-2022, is focused on improved prioritization of asset vulnerabilities, with the aim of expediting remediation efforts.
Armis Centrix provides an answer to the issues faced by countless organizations amid the “explosion” of connected devices and connected assets in their environments “that they have no idea how to protect,” Co-Founder and CEO Yevgeny Dibrov said Tuesday during an Armis media event at Nasdaq Marketsite in New York. “We are getting to a world of more than 95 percent of the assets in the environment that you cannot install anything on, and are basically unmanaged, without the ability to see or protect them.”
Meanwhile, Armis also disclosed this week that for the first six months of its fiscal year, from Feb. 1 to July 31, the company grew its customer base by 80 percent, year over year. The company previously said in February that it had surpassed $100 million in annual recurring revenue, and “since then, we’ve already grown significantly” on ARR, Dibrov said.
In an interview with CRN, the Armis CEO said that the company now has a “clear path” to being cash-flow positive by mid-2024 and “definitely will be ready” for an IPO by the second half of next year.
What follows are five things to know about Armis’ AI-driven Centrix platform.
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Kyle Alspach is a Senior Editor at CRN focused on cybersecurity. His coverage spans news, analysis and deep dives on the cybersecurity industry, with a focus on fast-growing segments such as cloud security, application security and identity security. He can be reached at [email protected].
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