IoT Security Startup Armis Doubles Valuation To $2B With $125M Round ‘We are building our business with the support of Brookfield now, the folks at Insight and CapitalG, towards an IPO,’ Armis CEO Yevgeny Dibrov tells CRN, adding that the new funding round will open new business opportunities for the startup’s channel partners. By Dylan Martin February 09, 2021, 09:00 AM EST IoT security startup Armis has doubled its valuation to $2 billion in less than a year thanks to a new funding round that aims to open new business opportunities in health care, manufacturing and retail as the startup pursues its ambitions of going public.