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Company pair · Security
VS

Armis vs Illumio

Security Armis acquired Illumio private US-headquartered No Canborsa market

Armis vs Illumio: two of the better-known names in security, compared side by side.

On this pageSide by sideValuation marksWhat each disclosesVerdictFAQ
ArmisACQUIRED · US
IllumioPRIVATE · US
VS
Last valuation$7.75B$2.75B
Basis Acquisition Post-money
As ofDec 2025Jun 2021
Founded20162013
Employees≈250≈838
On CanborsaNo marketNo market
At a glance
$7.75B
ArmisAcquisition, Acquisition by ServiceNow · Dec 2025
$2.75B
IllumioPost-money, Series F · Jun 2021
An acquisition mark and a going-concern print stay on separate scales
Gap
0 of 2
On CanborsaNeither company has a market
VS
Head-to-head · field by field

Armis vs Illumio — side by side

Field
ArmisACQUIRED · FOUNDED 2016
IllumioPRIVATE · FOUNDED 2013
VS
Last valuation
$7.75B Acquisition
$2.75B Post-money
Valuation date
22 Dec 2025
24 Jun 2021
Valuation basis
Acquisition
Post-money
Latest round
Acquisition by ServiceNow
Series F
Round size
$7.75B
$225M
Round lead
ServiceNow
Thoma Bravo
Named investors
Goldman Sachs Growth Equity CapitalG Evolution Equity Partners General Catalyst
Thoma Bravo Andreessen Horowitz General Catalyst Formation 8
Founded
2016
2013
Employees (est.)
≈250
≈838
Sector & HQ
Cybersecurity · 🇺🇸 US
Cybersecurity (breach containment / microsegmentation) · 🇺🇸 US
Status & market
Acquired — no Canborsa market
Private — no Canborsa market
Valuation · both companies on one scale

Valuation marks

Each bar is the last disclosed mark — $7.75B for Armis (acquisition, Dec 2025) and $2.75B for Illumio (post-money, Jun 2021).

Armis
$7.75BAcquisition · Dec 2025
Illumio
$2.75BPost-money · Jun 2021
ARMIS · $7.75B · DEC 2025ILLUMIO · $2.75B · JUN 2021
Armis vs Illumio · what each company discloses

What each company discloses, and what it leaves out

ArmisACQUIREDSecurity · US · 2016
+Last disclosed mark $7.75B — acquisition, Dec 2025.
+Founded 2016 .
+≈250 employees.
+Latest round: Acquisition by ServiceNow, $7.75B raised, led by ServiceNow.
IllumioPRIVATESecurity · US · 2013
+Last disclosed mark $2.75B — post-money, Jun 2021.
+Founded 2013 .
+≈838 employees.
+Latest round: Series F, $225M raised, led by Thoma Bravo.
Verdict

Verdict

The $7.75B tells you…
The price set for the company in an acquisition.
An acquisition price is set in a negotiated transaction on its own date.
It stays fixed from that date onward.
The $2.75B tells you…
What an investor paid for newly issued shares — a primary round, priced post-money.
How much capital arrived with it:$225M, led by Thoma Bravo in Jun 2021.
A dated print: it moves only when a newer round is announced.

A acquisition print and a post-money print are priced by different buyers under different terms, so the two numbers stay side by side, each with its own chip, and no ratio is scored. Both are private: there is no public quote and no Canborsa market on either name.

Frequently asked questions

Are Armis and Illumio in the same sector?›

Armis' sector is Cybersecurity; Illumio's sector is Cybersecurity (breach containment / microsegmentation).

How do Armis and Illumio compare in valuation?›

Armis was last valued at $7.8B in December 2025, and Illumio at $2.8B in June 2021.

What's the total funding raised by Armis versus Illumio?›

Armis has raised $8.3B across 3 rounds, and Illumio has raised $549.7M across 5 rounds.

Which was founded first, Armis or Illumio?›

Armis launched in 2016; Illumio launched in 2013.

Which is bigger by headcount, Armis or Illumio?›

Armis employs around 250 people; Illumio employs around 838.

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