In April 2026, ServiceNow paid $7.75 billion in cash to acquire Armis, the security platform founded by Yevgeny Dibrov and Nadir Izrael. This was the largest acquisition in ServiceNow’s history and the second-biggest pure startup exit ever in Israeli tech. The two co-founders split approximately $930 million in the exit, while Insight Partners saw its 43% stake valued at around $3.3 billion. The acquisition enabled ServiceNow to create a new unit called Autonomous Security and Risk, combining Armis and Veza to address investor concerns about the potential impact of AI agents on enterprise software. In Q2 2026, ServiceNow’s revenue hit $3.99 billion, up 24%, and AI products crossed $1 billion in annual contract value.
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