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Varonis Systems’ Atlas Interceptor Push: Can New Products Expand Deal Sizes?

Varonis Systems, Inc. reported second quarter 2026 financial results reflecting continued momentum in its SaaS subscription business amid ongoing market dynamics and emerging demand linked to AI security. The company’s SaaS Annual Recurring Revenue (ARR), excluding conversions, grew 25% year-over-year to $598.1 million, while total SaaS ARR including conversions reached $726 million. This growth was underpinned by a 20% increase in SaaS ARR from new logos, signifying expanding market recognition of Varonis’s data security capabilities in increasingly AI-integrated environments. The company highlighted rising adoption of newer products such as Atlas Interceptor and database activity monitoring, which contribute to the expanding breadth of its platform and address a wider array of customer use cases. Varonis contextualized its performance within the broader shift toward securing AI-driven data infrastructures, emphasizing the growing importance for customers to manage data exposure, model guardrails, and defend against AI-augmented cyberattacks.