Armis – Keeping All IoT Above the Radar

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Additional Info

Company (that provides the nominated product / solution / service)Armis
Websitehttps://www.armis.com/
Company size (employees)100 to 499
Type of solutionSoftware

In 3 bullets, summarize why this product or service is different from the competition and deserves recognition:

Armis has the world’s largest Device Knowledgebase, tracking over 280M devices – including their behavior, connections and history. Each device profile includes information designed to establish a “known-good” baseline of behavior, like how often each device communicates with others, over what protocols, how much data is transmitted, whether the device is stationary, what software runs on each device, and more. Armis then compares real-time device behavior to that baseline and identifies policy violations, misconfigurations, or abnormal behavior. When a device acts suspiciously or maliciously, Armis can disconnect or quarantine the device.
Harnessing the power of Armis’ unique agentless platform, the company’s world-class research team, Armis Labs, also helps keep enterprises safe by contributing new vulnerability disclosures to the research community. Significant discoveries illustrating the latest attack vectors targeting unmanaged and un-agentable IoT devices include CDPwn, Urgent/11, BLEEDINGBIT, DNS Rebinding and BlueBorne.
The success of Armis’ pioneering technology platform is evidenced by the company’s consistent industry recognition and tremendous corporate growth. Since its launch from stealth in 2017, Armis has been honored with several notable industry awards, including the World Economic Forum Tech Pioneer award, CRN’s 2020 Top Security 100, Cyber Defense Magazine’s Black Unicorn awards and Cyber Defense Global Awards, among others. Building on their industry accolades, Armis reported 700% year-over-year growth in annual revenue in 2019, including customer deployments with more than 25% of the Fortune 100 and major multinational brands like Samsung, Oracle, Mondelēz, Sysco Foods and Allergan. In January 2020, Armis’ success culminated with its acquisition by Insight Venture Partners for $1.1B, with participation from CapitalG (Alphabet’s venture capital arm). The acquisition made Armis the largest-ever enterprise IoT security software acquisition and the largest-ever purchase of a private Israeli cyber security company.

Brief Overview

In the next two years, there will be over 25 billion connected devices globally. Many of those are already in our workplaces, improving productivity, collaboration, insights, and convenience. This unmanaged IoT device explosion is more pervasive and transformative than the PC and mobile revolutions combined — but not without risk. These devices have no security, can’t host a security agent or receive updates, are unseen and aren’t protected by traditional security products. In short, critical connected devices, from robotic arms on a manufacturing floor, MRI machines at a hospital, smart TVs and even badge readers, are unprotected. As connected device usage continues increasing exponentially, the widening IoT security gap means that sensitive information — and in some cases, lives — are at risk.

Armis is the first agentless, enterprise-class security platform to address the new threat landscape of unmanaged and IoT devices. The platform’s unique out-of-band sensing technology discovers and analyzes all unmanaged, un-agentable and IoT devices. Completely passive, Armis discovers devices on and off the network, continuously analyzes endpoint behavior to identify risks and attacks, protecting critical information and systems by identifying suspicious devices and quarantining them. Unlike traditional endpoint and network security solutions that only offer insight into managed devices and activities inside corporate networks, Armis is flexible and sees activity and connections of all devices, on and off the network — a critical safety layer in an all-too-exposed space.

With a crowdsourced Knowledgebase monitoring over 280 million devices and counting worldwide (the largest of its kind) and 8 million device profiles, Armis compares a device’s behavior to others seen in similar environments. We track the behavior of that device, recording everything it does. If a device behaves suspiciously, we can immediately send alerts and disconnect or quarantine the device in real time, preventing critical IoT-related cyber attacks.