Perimeter 81

Network Security Platform

Cyber Security
Acquired (Inactive) by Check Point Software Technologies on Aug 2023 - closed due to acquisition
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Company Overview

Snapshot

Founded in January 2013 by Amit Bareket and Sagi Gidali, Perimeter 81 operates with 51–200 employees. The company raised a total of $164.5 million across 6 funding rounds from 7 investors. In August 2023, Check Point Software Technologies acquired Perimeter 81.

Business overview

Perimeter 81 develops solutions that simplify secure network, cloud, and application access for modern and distributed workforces. The company's core technology is a cloud-based, user-centric secure network as a service, which utilizes zero-trust and software-defined perimeter security models. This approach offers enhanced network visibility, seamless onboarding, and automatic integration with major cloud providers, serving Fortune 500 businesses and industry leaders across various sectors in the Cyber Security domain.

Strategic signal

In September 2023, Check Point Software completed its acquisition of Perimeter 81. This acquisition signifies a strategic consolidation within the cybersecurity market, integrating Perimeter 81's secure network solutions into a larger enterprise, and indicates a shift in the company's operational trajectory from an independent startup to a component of a major security vendor.

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Company Intelligence Q&A

What was the most significant corporate event for Perimeter 81?
In August 2023, Perimeter 81 was acquired by Check Point Software Technologies for $490 million, marking a major exit for the company and its investors.
When did Perimeter 81 achieve unicorn status?
Perimeter 81 became Israel's latest cybersecurity unicorn in June 2022, following a Series C funding round.
Which investors participated in the Series B funding round?
In August 2020, Insight Partners led Perimeter 81's Series B funding round, with participation from.
What was a notable product development for Perimeter 81 in early 2022?
In February 2022, Perimeter 81 added a Secure Web Gateway to its Security Services Edge Solution, enhancing its offerings for secure network access.
What industry recognition did Perimeter 81 receive in late 2021?
In September 2021, Perimeter 81 won the SINET 16 Innovator Award for its zero-trust networking solutions, acknowledging its innovation in the cybersecurity space.
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