Perimeter 81

Perimeter 81 offers a range of cloud security solutions such as cloud access security brokers (CASBs), zero trust network access (ZTNA), and firewall-as-a-service delivered through the secure access service edge (SASE) architecture distributed across more than 50 data centers globally. The company also offers alternatives to traditional VPNs with cloud-based alternatives to facilitate cloud-based access to enterprise resources.

Perimeter 81 also provides a unified platform that allows clients to manage all their cybersecurity tools and monitor the organization's security posture using a single dashboard. Perimeter 81 claims that companies can deploy its solution in their networks in 20 minutes compared to over seven days of other solutions. The company reported an increase in annual recurring revenue (ARR) of 400% year-over-year as of August 2020. As of January 2022, Perimeter 81 had employed 180 staff. The company was not profitable as of the same date, but it reported that its annual recurring revenue had more than doubled YoY and that it is on track to generate tens of millions of dollars in sales revenue in 2022. As of June 2022, the company served nearly 2,400 customers, including Fortune 500 companies and top organizations in technology, finance, healthcare, retail, and entertainment. Perimeter 81 generates more than half of its revenue from the US. The company has plans to expand across Europe and South Asia. Its notable customers include Ingram Micro and Hims & Hers.

In June 2022, the company raised USD 100 million in a Series C funding round led by B Capital. The round valued the company at USD 1 billion, a five-fold increase from the USD 200 million sticker price achieved during its raise in August 2020. The funds were utilized to accelerate product development for corporate network security to support its hyper-growth and expand its global employee headcount of over 250 across its sales, marketing, and R&D teams in its three global offices—Tel Aviv, New York, and Los Angeles.