Israeli-founded cybersecurity unicorn Armis Security is in advanced talks to be acquired by US software company ServiceNow Inc. in a deal that could be worth up to $7 billion, Bloomberg News reported over the weekend.

The report cited a number of people familiar with the situation, who said the deal could be announced within days. Armis declined to comment on the talks when contacted by The Times of Israel.

Listed on the New York Stock Exchange, ServiceNow has a market value of almost $180 billion and is the developer of an AI-driven software platform for workflow processes.

The advanced takeover talks come just a month after Armis raised $435 million in fresh capital from investors, taking the company’s valuation to $6.1 billion. The firm said the proceeds of the November funding round will be........

© The Times of Israel