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Perimeter 81 Secures $100 Million Series C Funding Led By B Capital, Leading To $1 Billion Valuation

Jun 06, 2022•about 3 years ago

Amount Raised

$100 Million

Round Type

series c

Description

Perimeter 81, the leading Security Service Edge (SSE) and Zero Trust Network Access (ZTNA) provider, is valued at $1 billion after completing this week a $100 million Series C funding round led by B Capital. Participating investors include Insight Partners, Toba Capital, ION Crossover Ventures, Entrée Capital, and publicly-traded Spring Ventures. The financing will support Perimeter 81’s further disruption of the network security market by accelerating the company’s rapid growth, hiring, and development. The company has more than doubled its annual recurring revenue (ARR) year over year.

Company Information

Company

Perimeter 81

About

Perimeter 81 radically simplifies corporate network security with its Security Service Edge (SSE) platform. As a holistic, cloud-based solution, Perimeter 81 allows organizations of all industries and sizes to easily support the decentralized, hybrid workplace while avoiding the cyber complexity that hurts IT’s ability to defend corporate cloud and on-prem networks. Backed by Tier 1 Investors, Perimeter 81 has over 250 employees and is headquartered in Tel Aviv, the heart of the startup nation, New York and Los Angeles. Our 2,400 customers range from SMBs to Fortune 500s across a wide range of industries, and our partners are among the world's leading integrators, managed service providers, and channel resellers. perimeter81.com or follow us on LinkedIn.

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