PerimeterX offers security for websites and mobile applications. The company’s solutions include 1) Bot Defender (protects web applications, mobile applications, and APIs from automated attacks), 2) Code Defender (protects websites from digital skimming, formjacking, and magecart attacks), and 3) Page Defender (blocks unwanted coupon extensions and ad injections in online shopping). The company uses artificial intelligence and machine learning to detect real-time automated attacks. PerimeterX’s solutions are used by companies in industries such as e-commerce, financial services, food delivery services, travel, hospitality, and media.
During the financial year ended January 2020, the company provided security for ecommerce transactions worth over USD 100 billion and processed over 2 billion login requests per day. During this financial year, the company recorded revenue growth of 86%, and its customer base expanded 60%. In November 2020, PerimeterX was ranked 49th in Deloitte’s “Technology Fast 500” list which tracks the fastest growing technology companies in North America. PerimeterX recorded revenue growth of 3,637% between 2016 to 2019. The company also reports having added 50 new customers during its financial year ended January 2021. As of March 2021, the company employed 195 staff.
In March 2021, PerimeterX raised USD 57 million in an extended Series D led by AllianceBernstein to expand its geographical footprint and grow its team.
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