Home Startups Israel-based cybersecurity startup Perimeter 81 raises $5 million to accelerate growth

Israel-based cybersecurity startup Perimeter 81 raises $5 million to accelerate growth

Startup funding

Network security provider Perimeter 81 recently secured $5 million funding to develop new cloud firewall capabilities and accelerate growth. The funding round was led by Spring Ventures and private US-based investors along with the participation of existing shareholders. The Tel Aviv-based based company stated the investment will be used to expand the company’s sales, marketing and R&D teams in its Tel Aviv and New York offices.

Founded by Amit Bareket and Sagi Gidali in 2018, Perimeter 81 is a Zero-Trust Software Defined company focussed on transforming the secure network access to the modern and distributed workforce. Perimeter 81 offers automatic gateway deployment, easy multi-tenant management, and full network visibility to enterprises. The company claims that its Software-Defined Perimeter solution securely connects employees to cloud-based and internal network resources.

“The rise of Cloud and Mobility has disrupted network, cloud and application security as we know it. With employees working on the go and from different locations around the world, and companies increasingly moving towards the cloud, the traditional hardware-based legacy appliances of the past are no longer suitable for today’s modern and distributed workforce,” said CEO and Co-Founder Amit Bareket. “Perimeter 81’s user-centric Secure Network as a Service, which utilizes the Zero-Trust and Software-Defined Perimeter models, enables businesses to more easily secure access to local network resources, cloud environments, and business applications, with a seamless and highly intuitive SaaS solution.”

“With Perimeter 81, we took our knowledge of what worked for the consumer market, and ultimately, the end-user, and transformed the complex and outdated technology that so many businesses rely upon, into a seamless and user-friendly SaaS service,” said Sagi Gidali, Co-Founder and CPO. With this new funding round, we look forward to expanding our reach and further enabling companies of all industries and sizes to become fully, securely mobile and confidently cloud-based.”