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Armis buys Otorio for $120M to beef up cybersecurity in physical spaces
More consolidation is playing out in the security industry as platform players scoop up technology to give them deeper expertise in growing business
More consolidation is playing out in the security industry as platform players scoop up technology to give them deeper expertise in growing business areas. Terms of the deal are not being disclosed but sources close to the transaction tell TechCrunch that Armis — San Francisco-based but with roots out of Israel — is paying $120 million in cash and shares for Otorio. As one example of the kind of work that it does: it hit the headlines earlier this year when it said that its clients were blocking DeepSeek, the new AI model out of China, and then proceeded to publish research explaining why.
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