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 operated with 51–200 employees. The company secured $164.5 million across 6 funding rounds from 7 investors. A significant milestone was its acquisition by Check Point Software Technologies in August 2023.

Business overview

Perimeter 81 developed solutions for network security, aiming to simplify secure network, cloud, and application access for modern and distributed workforces. The company built a holistic, cloud-based, user-centric secure network as a service, utilizing zero-trust and software-defined perimeter security models. This technology offered 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 sector.

Strategic signal

Perimeter 81 was acquired by Check Point Software Technologies in August 2023 for $490 million. This acquisition highlights the strategic value of Perimeter 81's network security platform and its zero-trust capabilities, signaling a consolidation trend in the cybersecurity market where established players are integrating innovative solutions to enhance their offerings and address evolving threats.

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Company Intelligence Q&A

What was a major corporate milestone for Perimeter 81?
Perimeter 81 was acquired by Check Point Software Technologies in August 2023 for $490 million, marking a significant exit for the company.
When did Perimeter 81 achieve unicorn status?
Perimeter 81 became Israel's latest cybersecurity unicorn in June 2022, following a $100 million Series C funding round.
Which investors participated in the Series B funding round?
In August 2020, Insight Partners led the Series B funding round for Perimeter 81, with participation from.
What recognition did Perimeter 81 receive in September 2021?
In September 2021, Perimeter 81, a leader in Zero Trust Networking, won the prestigious SINET 16 Innovator Award.
What was Perimeter 81's strategic partnership in November 2019?
In November 2019, Perimeter 81 partnered with SonicWall to integrate unified security services into its network as a service platform.
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