Perimeter 81 has raised a total of $165 million through multiple funding rounds, with its most recent $100 million Series C in June 2022 led by B Capital, valuing the company at $1 billion. The Tel Aviv-based company specializes in network security solutions, including Zero Trust Network Access, Secure Web Gateway, and Firewall-as-a-Service. Recently, it was acquired by Check Point Software Technologies for $490 million.
Keep reading to explore Perimeter 81’s funding journey, key investors, and what’s next for this cybersecurity platform.
What Is Perimeter 81 and What Does It Do?
Founded in 2018 by Amit Bareket, Aviv Refuah, and Sagi Gidali, Perimeter 81 is a Network-as-a-Service (NaaS) platform headquartered in Tel Aviv, Israel. The company offers cloud security, network security, and SaaS solutions, with a focus on securing modern and distributed workforces.
With 101–250 employees, Perimeter 81 serves over 2,400 clients worldwide through a unified cloud platform that includes Zero Trust Network Access (ZTNA), Secure Web Gateway (SWG), and Firewall as a Service (FWaaS). Its solutions help organizations protect against ransomware, phishing, and other cyber threats while supporting remote work.
How Much Funding Has Perimeter 81 Raised?
- Seed Round
- Amount Raised: $5M
- Date: March 2019
- Lead Investor: Spring Ventures
- Motivation: Kickstart operations and initial product development
- Series A (Nov 2019)
- Amount Raised: $10M
- Lead Investor: SonicWall
- Motivation: Support growth and product development
- Series A (March 2020)
- Amount Raised: $4.5M
- Lead Investor: Toba Capital
- Motivation: Enhance product development and expand market reach
- Series A (June 2020)
- Amount Raised: $5.5M
- Lead Investor: Toba Capital
- Motivation: Scale operations and meet growing demand
- Series B
- Amount Raised: $40M
- Date: August 2020
- Lead Investor: Insight Partners
- Motivation: Expand capabilities and enhance product offerings
- Series C
- Amount Raised: $100M
- Date: June 2022
- Lead Investor: B Capital
- Valuation at Round: $1 billion
- Motivation: Accelerate SSE development and support rapid growth
Total Funding Raised: $165M
Latest Funding Date: June 2022
Key Investors
- B Capital
- Details: Multi-stage global investment firm founded in 2015, with over $3.5 billion in assets under management. B Capital has a strategic partnership with BCG.
- Investment Focus Areas: Enterprise, fintech, healthcare
- Insight Partners
- Details: Global private equity and venture capital firm focused on growth-stage technology and software companies.
- Investment Focus Areas: Technology, software
- Notable Investments: Shopify, Twitter, Wix
- Toba Capital
- Details: Venture capital firm investing primarily in enterprise software companies. Emphasizes long-term partnerships with entrepreneurs.
- Investment Focus Areas: Enterprise software
- Entrée Capital
- Details: Provides multi-stage funding to early and growth-stage companies across sectors including technology, consumer, and fintech.
- Investment Focus Areas: Technology, fintech, consumer products
- Notable Investments: Monday.com, Riskified, Stash
- Spring Ventures
- Details: Publicly-traded investment firm focused on technology and innovation-driven companies.
- Investment Focus Areas: Technology, innovation-driven companies
- SonicWall
- Details: Cybersecurity solutions provider that invested in Perimeter 81’s growth.
- Investment Focus Areas: Network security, cybersecurity software
Where Is Perimeter 81’s Headquarters?
Perimeter 81 is headquartered in Tel Aviv, Israel, providing access to a thriving technology ecosystem and cybersecurity talent, while enabling global service delivery.
What’s Next for Perimeter 81?
With a $100 million Series C and a valuation of $1 billion, Perimeter 81 has positioned itself as a leader in cloud-based network security. The acquisition by Check Point Software Technologies for $490 million accelerates its integration into Check Point’s Infinity platform, expanding the reach of its Security Service Edge (SSE) offerings.
Future opportunities include expanding the client base, continuing innovation in ZTNA and SSE solutions, and addressing emerging cybersecurity threats. Strong investor support and rapid market growth position Perimeter 81 for continued success in cloud security and enterprise networking.
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