Perimeter 81 completes $5 million funding round

Since the launch of the product, Perimeter 81 has gained immediate traction in the market, growing at a rapid, double-digit rate month over month.

By JERUSALEM POST STAFF
March 26, 2019 21:48
1 minute read.
Perimeter 81 completes $5 million funding round

CEO Amit Bareket [L] and CPO Sagi Gidali [R] from Perimeter . (photo credit: Courtesy)

 
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Israeli company Perimeter 81 announced Tuesday that it has completed a $5 million funding round.

The round was led by Spring Ventures, controlled by Aviv Refuah, with additional funds from US-based investors and existing shareholders. The company will use the funds to accelerate growth, primarily investing in expanding the sales, marketing and R&D teams in its Tel Aviv and New York offices and developing new cloud firewall capabilities.

“The rise of Cloud and Mobility has disrupted network, cloud and application security as we know it. With employees working on the go and from different locations around the world and companies increasingly moving towards the cloud, the traditional hardware-based legacy appliances of the past are no longer suitable for today’s modern and distributed workforce,” said CEO and co-founder Amit Bareket. “Perimeter 81’s user-centric Secure Network as a Service – which utilizes the Zero-Trust and Software-Defined Perimeter models – enables businesses to more easily secure access to local network resources, cloud environments, and business applications, with a seamless and highly intuitive SaaS [Software as a Service] solution.”


Since the launch of the product, Perimeter 81 has gained immediate traction in the market, growing at a rapid, double-digit rate month over month and quickly acquiring hundreds of clients – including Fortune 500 companies and some of the leading industry names in government, entertainment, technology, and AI. Additionally, Perimeter 81 has been named an Ingram Micro Mass Challenge Comet Finalist, an InfoSecurity Product Guides Global Excellence “Cybersecurity Startup of the Year” and “Cybersecurity Vendor Achievement of the Year” winner and a Cybersecurity Breakthrough Awards winner.

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