PerimeterX

Company Overview

Snapshot

Founded in November 2014 by Omri Iluz, Ophir Ashkenazi, and Ido Safruti, PerimeterX operated with 51–200 employees. The company raised $151.5 million across 7 funding rounds from 11 investors. PerimeterX was acquired by HUMAN Security in July 2022.

Business overview

PerimeterX is a cybersecurity company that provides defense against automated web attacks. The company's core technology involves detecting and protecting against malicious web behavior by analyzing the behavior of humans, applications, and networks to catch automated attacks in real time. PerimeterX develops solutions such as Bot Defender and Code Defender, which utilize behavioral fingerprinting based on hundreds of indicators to identify attacking bots. It serves enterprises across various industries, operating within the Cyber Security sector, specifically focusing on Application & Website Security.

Strategic signal

In July 2022, PerimeterX merged with HUMAN Security, a move that significantly impacted its strategic trajectory by creating a combined entity with an estimated value of $1.5 billion. This merger signals a consolidation within the cybersecurity market, aiming to provide more holistic protection against fraud and bot-based attacks, and suggests a strengthened market position for the combined company.

Company Intelligence Q&A

What was the most significant recent corporate event for PerimeterX?

In July 2022, PerimeterX merged with HUMAN Security. The deal was an all-stock transaction, with the combined company estimated to have a value of around $1.5 billion.

What new product did PerimeterX release in June 2022?

In June 2022, PerimeterX released Account Defender, a cloud-native online fraud detection solution designed to prevent cybercriminals from taking over existing customer accounts and creating fake ones.

What industry recognition did PerimeterX receive in April 2022?

In April 2022, PerimeterX was named a Leader in The Forrester Wave™: Bot Management, Q2 2022, receiving the highest possible score in several criteria for its flexibility, reporting, and low false positives.

When did PerimeterX last raise a funding round?

In February 2021, PerimeterX completed a financing round led by Bernstein Private Wealth Management (Israel).

What strategic partnership did PerimeterX announce in October 2020?

In October 2020, PerimeterX partnered with Snyk in a technology alliance to address open-source vulnerabilities in web applications, integrating PerimeterX Code Defender with the Snyk Intel Vulnerability Database.