Armor raises $89M in new financing from ST Telemedia
Secure cloud company Armor, based in Richardson, announced this week $89M in new funding from ST Telemedia (STT).
This brings Armor’s total funding to almost $150M.
STT has become a joint lead shareholder with The Stephens Group (TSG), the existing majority shareholder. The investment from STT will accelerate the adoption of Armor’s managed security platform for public and hybrid cloud environments.
“Armor protects approximately 1,200 customers across more than 40 countries,” said Chris Drake, founder and CEO, Armor. “Much of our growth has been attributed to word-of-mouth and customers seeking us out as they searched for a reliable security partner. Our goal is for the global community to embrace what our customers already know – Armor’s end-to-end cloud security orchestration platform is the best approach to protect sensitive data backed by measurable results. This additional capital and partnership with STT will help spur innovation, drive brand awareness and broaden global distribution channels.”
Armor began life as Firehost and has been one the few DFW tech companies in recent history to raise more than $50M, although the company is now majority owned by its private equity investors.
In addition to further ramping up marketing and sales, Armor may begin looking at some strategic acquisitions to continue to grow its business.