Insight Partners Israel Expands with $1.1B Deal

Insight Partners Israel has made a significant move in the tech industry with a $1.1 billion deal.

This massive investment is a testament to the growing importance of Israeli tech in the global market.

The deal is a major milestone for Insight Partners, marking a significant expansion of their presence in Israel.

With this investment, Insight Partners is poised to make a lasting impact on the Israeli tech ecosystem.

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Insight Partners, an American venture capital and private equity firm, acquired Israeli IoT security company Armis Inc. for $1.1 billion.

Armis provides information security software for enterprise IoT systems, analyzing and classifying devices and their behavior to identify risks and protect information and systems. The company's customers include Sysco Corp., Samsung, and Allergan PLC.

The acquisition is expected to close in February, with Armis continuing to operate independently and be fully managed by its two co-founders, Yevgeny Dibrov and Nadir Izrael.

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Insight Partners has acquired Armis Inc., an Israeli IoT security company, for $1.1 billion. The acquisition was made by Insight Partners, an American venture capital and private equity firm based in New York City.

Armis provides information security software for enterprise IoT systems, analyzing and classifying devices and their behavior to identify risks and protect information and systems. Founded in 2015, Armis employs about 240 people.

The company's customers include Sysco Corp., Samsung, and Allergan PLC, with offices in Tel Aviv and Palo Alto, Ca. Armis will continue to operate independently under the terms of the agreement.

Insight will acquire the company for cash at a valuation of $1.1 billion, with participation from CapitalG for $100 million and rollover from certain existing stockholders. Closing is expected to occur in February and is subject to customary conditions and approvals.

Armis co-founders Yevgeny Dibrov and Nadir Izrael will remain at the helm of the company, leveraging the support of Insight’s industry leading business strategy and ScaleUp division, Onsite.

HarbourVest Partners led a group of investors in the closing of Continuation Fund III.

Insight Partners has successfully closed Continuation Fund III, marking a significant milestone for the global software investor.

HarbourVest Partners took the lead in this investment, demonstrating their confidence in Insight Partners' vision and strategy.

Continuation Fund III has been closed, bringing an end to the fundraising process.

This achievement highlights Insight Partners' ability to attract top investors and secure significant funding for their initiatives.

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