Highlights:

  • Silk is a tool that can map and prioritize network vulnerabilities within an organization.
  • About two months prior, Armis acquired CTCI Inc., a cybersecurity firm, for an estimated USD 20 million.

Cybersecurity platform Armis Inc. acquires Silk Security Inc., a startup that assists businesses in spotting vulnerabilities in their infrastructure and comprehending their intensity.

In the recent purchase statement, Armis disclosed that Silk is valued at USD 150 million as part of the agreement. The USD 12.5 million in funding that the latter company had previously raised from investors is more than ten times that amount. The transaction occurred approximately four years after Insight Partners, which was also an early supporter of Silk, purchased Armis for USD 1.1 billion.

Based in San Francisco, Armis provides Centrix, a device security platform. The software can produce an automatic inventory of all the staff phones, servers, routers, and other systems in a business’s networks. Next, it checks those devices for cybersecurity vulnerabilities.

Centrix can automatically disconnect a system from the network if it finds indications of malicious activity. The platform also identifies susceptible devices that may not be targeted by hackers but may eventually become compromised. The latter is where Armis’ acquisition of Silk will come in handy.

Silk is a tool that can map and prioritize network vulnerabilities within an organization. Because of this, administrators may address the most pressing problems first, lowering the possibility of hacking. According to Silk, their technology can assess the seriousness of software vulnerabilities like those listed in the CVE database and configuration-related security risks.

The platform is also useful for a variety of other purposes. It can determine which engineers oversee maintaining a particular system and notify them of any vulnerabilities it finds. The software helps businesses assess the efficacy of their remediation operations by timing how long it takes to remedy each vulnerability.

Yevgeny Dibrov, Chief Executive Officer and Co-founder of Armis said, “To ensure the entire attack surface is both defended and managed in real time, organizations need a comprehensive solution that quantifies and reduces risk continually through the ability to prioritize and remediate the most important security findings at any given time, in any environment.”

About two months prior, Armis acquired CTCI Inc., a cybersecurity firm, for an estimated USD 20 million. This acquisition of Silk occurs after that transaction. The latter company created a framework for building software objects known as honeypots or apps that mimic critical corporate data. Administrators can be alerted by CTCI’s platform if hackers try to gain access to a honeypot of this kind.