As platform participants mine technology, giving them deeper expertise in the growing business area, thus exerting more integration in the security industry. Thursday, ArmisThis is a $4.2 billion cyber exposure management expert who said he will get Ottorioan expert in protecting the industrial and physical environment.
The terms of the deal have not been disclosed, but sources close to the deal told TechCrunch that Armis (based in San Francisco but rooted in Israel) paid $120 million in cash and stock for Otorio. Previously, the Tel Aviv-based startup had raised $50 million from Andritz, a strategic investor. tone data.
Otorio’s flagship product is called Titan, which will be integrated into Armis’ Centrix platform. Armis’ main focus so far has been on cloud services and identifying and managing the risks on the surface of this attack. For example, it said earlier this year that its customers were blocking DeepSeek, a new AI model from China, and then went on to release Research Explain the reason.
Otorio’s technology will complement Armis’ existing capabilities, focusing on areas that are sometimes overlooked – industrial machinery and the broader industrial environment. These environments are often considered fillers with “stupid” physical devices. But machines are gradually replaced by more connected models, and when they are equally fragile, perhaps even more so, given the critical nature of some industrial infrastructure.
In the words of CEO and co-founder Yevgeny Dibrov, the technology is also very useful for extending the overall work of Armis in other physical environments that are non-industrial but still require “super-safe” protection, so local security solutions are needed.
“We are adding some very powerful components to our platform to address more environments, especially the need to deploy locally with our SaaS products and can truly meet zero trust needs and capabilities,” he said. “Otorio is really helping us take it to the next level of this environment.”
For Otorio, the acquisition is an opportunity to expand in a more challenging way to start a separate entrepreneurial approach.
“ARMIS has quickly become a leading provider of network exposure management and has built the best service on the industry cloud SaaS platform to provide unparalleled visibility, security and risk management for businesses across all industries,” said Daniel Bren, CEO and co-founder of Otorio in a statement. “I’m glad our team joins Armis at this time and leverages our in-depth domain operating environment.”
This has been a big part of the past decade for early cybersecurity companies: hundreds of companies were formed with millions of VCS companies driven by a growing threat landscape, and they found business opportunities to innovate in changing areas. But recently Indications The company was getting most of the available funds in that late stage. For many smaller startups, M&A options become a more obvious choice.
When companies like Wiz raise billions to power their Get a Strategyothers like Armis are also becoming buyers. Otorio is Armis’ third acquisition and the third acquisition of the year. It got Silk safety For $150 million in April 2024, CTCI offered $20 million in February 2024 for $20 million.
