(Reuters) -Armis said on Wednesday it has raised $435 million in its fundraising round, valuing the US-Israeli cybersecurity firm at $6.1 billion, marking an over 45% increase in just over a year.

Demand for digital threat prevention tools has surged amid targeted attacks on critical electronic infrastructure used by corporations and governments.

A series of cyberattacks has cost billions in monetary losses and data leaks across the globe this year alone, with lawmakers calling to make cyber-resilience a board-level priority.

Armis’ latest financing was led by the alternative investments platform of Goldman Sachs, with existing investor CapitalG also participating in the round.

The San Francisco, California-based company said the funds will be used to execute its three-year plan, invol

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