How Much Did Perimeter 81 Raise? Funding & Key Investors

Perimeter 81 has successfully raised funds over six rounds, with the latest being a Series C led by B Capital. The company is backed by nine investors, including Entrée Capital and Insight Partners.

Keep reading to explore the intricacies of Perimeter 81's fundraising journey and the investors backing this innovative platform.

What Is Perimeter 81?

Perimeter 81, based in Tel Aviv, Israel, offers a Network-as-a-Service designed to secure networks for modern and distributed workforces. The company operates in the Cloud Security, Cyber Security, Network Security, and SaaS industries.

Founded by Check Point Software Technologies Ltd., Perimeter 81 has between 101-250 employees. The company has been acquired by Check Point Software Technologies, a leading provider of cybersecurity solutions globally.

How Much Funding Has Perimeter 81 Raised?

1. Series C
   • Amount Raised: USD 100,000,000
   • Date: June 2022
   • Lead Investors: B Capital
   • Valuation at Round: USD 1 billion
   • Motivation Behind the Round: To accelerate the development and distribution of Perimeter 81's SSE offering and support rapid growth, hiring, and development efforts.
2. Series B
   • Amount Raised: USD 40,000,000
   • Date: August 2020
   • Lead Investors: Insight Partners
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To scale the business and enhance product offerings.
3. Series A
   • Amount Raised: USD 5,500,000
   • Date: June 2020
   • Lead Investors: Toba Capital
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand market reach and continue product development.
4. Series A
   • Amount Raised: USD 4,500,000
   • Date: March 2020
   • Lead Investors: Toba Capital
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To enhance product offerings and support business growth.
5. Series A
   • Amount Raised: USD 10,000,000
   • Date: November 2019
   • Lead Investors: SonicWALL
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To scale the business and expand market reach.
6. Seed
   • Amount Raised: USD 5,000,000
   • Date: March 2019
   • Lead Investors: Spring Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To kickstart the business and develop initial product offerings.

Total Amount Raised: USD 165,000,000. Current Valuation: USD 1 billion.

Key Investors

• B Capital
  • Details: B Capital is a multi-stage global investment firm founded in 2015. It partners with extraordinary entrepreneurs to shape the future through technology.
  • Investment Focus Areas: Enterprise, financial technology, healthcare sectors.
  • Notable Investments: Perimeter 81.
• Insight Partners
  • Details: Insight Partners is a leading global venture capital and private equity firm. It invests in growth-stage technology and software companies.
  • Investment Focus Areas: Software, internet, data services.
  • Notable Investments: Perimeter 81.
• Toba Capital
  • Details: Toba Capital is a venture capital firm that invests in enterprise software and technology companies. It focuses on early-stage and growth-stage investments.
  • Investment Focus Areas: Enterprise software, technology, SaaS.
  • Notable Investments: Perimeter 81.
• SonicWALL
  • Details: SonicWALL is a cybersecurity company that provides network security solutions. It is known for its firewall and VPN products.
  • Investment Focus Areas: Cybersecurity, network security, VPN solutions.
  • Notable Investments: Perimeter 81.
• Spring Ventures
  • Details: Spring Ventures is a publicly-traded investment firm. It focuses on investing in innovative technology companies.
  • Investment Focus Areas: Technology, innovation, growth-stage companies.
  • Notable Investments: Perimeter 81.

What's Next for Perimeter 81?

Perimeter 81 stands at the cusp of significant growth opportunities, driven by the increasing demand for cybersecurity solutions amid rising ransomware and external attacks. With a robust customer base of nearly 2,400 clients and a recent $100 million Series C funding, the company is poised to accelerate the development and distribution of its Security Service Edge (SSE) offerings.

Future fundraising opportunities seem promising as the company continues to double its annual recurring revenue year over year. The rapid growth and market demand suggest potential for additional funding rounds to support further expansion and technological advancements.

However, Perimeter 81 may face challenges in managing rapid growth and staying ahead of evolving cybersecurity threats. Maintaining simplicity and ease of use in their solutions will be crucial to ensure successful security adoption in a competitive market.

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