Perimeter 81 which develops cloud solutions closed a third round of funding worth $ 100 million

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by Ifi Reporter Category:Financial Jun 22, 2022

Perimeter 81, which develops advanced cloud solutions for network management and security, announced the closure of a third round of funding (Round C) worth $ 100 million, at a value of $ 1 billion. The fundraising round was led by the American fund B-Capital, and was attended by ION Crossover Ventures, Toba Capital, Insight Partners and Entree Capital.
Among the existing investors in the company: Spring Ventures, led by Aviv Refuah and private investors. The round of funding completed last weekend puts the total capital raised by the company at $ 165 million. Founded in 2018 by Amit Barkat and Sagi Gidley, it currently provides security solutions to about 2,400 customers worldwide, from small and medium-sized businesses to Fortune 500 companies in a variety of industries, including the world's leading technology, finance, healthcare, retail and entertainment companies.
Perimeter 81 has developed a cloud solution that helps organizations manage information from a single and simple hybrid network, in an age where they continue to enable employees to work remotely, over the Internet and from anywhere, and access the resources they need on a server or cloud - and are committed to adopting Traditional hardware solutions.
The uniqueness of the solution that the company offers lies in the ease with which customers of all sizes can install the technology platform independently, or with the help of simple assistance from the company's staff. Since its inception about four years ago, Perimeter 81 has become a leading company in the field of Secure Service Edge (SSE) - the secure access to enterprise applications and resources in the cloud and local area networks, with zero trust approach (ZTNA) and in accordance with the SASE Framework. According to a Verizon report for 2022, last year there was a further 13% increase in ransomware attacks, which is creating a growing demand for information security solutions, and given the proliferation of threats the zero-confidence architecture has become a federal US government strategy in the past year.
The round of funding was completed in the midst of a significant period of growth for the company, which shows an annual increase of more than twice as much in revenue, which this year stands at tens of millions of dollars. The financing will be used by the company in its R&D efforts, expanding its marketing, sales, customer service and recruitment system. The company currently employs more than 250 employees in its three offices in Tel Aviv, New York and Los Angeles, and is preparing to move to new offices in Tel Aviv later this year. The historical of the kibbutz movement in the city center.

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