Perimeter 81

Perimeter 81 is an Israeli cloud and network security company that develops secure remote networks, based on the zero trust architecture, for organizations. Its technology replaces legacy security appliances like VPNs and firewalls.[2][3]

Perimeter 81
TypePrivately owned
Industry
Founded2018 (2018)
Founder
  • Sagi Gidali
  • Amit Bareket
Headquarters
Tel Aviv, Israel; with offices in New York City and Los Angeles
Area served
Worldwide
Key people
  • Sagi Gidali (CGO)
  • Amit Bareket (CEO) [1]
ServicesSecurity Service Edge (SSE) and zero trust network access (ZTNA)
Owner
Number of employees
250
Websitewww.perimeter81.com

Since 2023, Perimeter 81 has been owned by the American-Israeli multinational cybersecurity company Check Point.[4]

History

The company was founded in 2018 by Sagi Gidali and Amit Bareket, founders of SaferVPN which was acquired by J2 Global. The SaferVPN network infrastructure, which was developed over six years, served as the basis for Perimeter 81's initial product development.[3]

Based in Tel Aviv, Israel, it raised 19.5 million dollars in three funding rounds during 2019–2020, including investments from USA's SonicWall (Francisco Partners), Toba Capital and Israel's Spring Ventures.[5][3] In August 2020, two months after raising funds at 100 million dollars valuation,[6] it completed a $40 million Series B financing round at a company valuation of $160 million. [7][8]

In June 2022 it completed a Series C financing round led by the USA's B Capital fund, with the participation of Insight Partners, Entree Capital, Toba Capital and ION Crossover Ventures. It has raised $100 million, at a $1b valuation, becoming a unicorn.[9] The company has over 2,500 clients, among them Fortune 500 companies, as well as small and medium-sized enterprises.[10]

In August 2023, it was reported that the company would be acquired for $490 million by Check Point.[11] The following month, the American-Israeli cybersecurity company announced that it had completed the purchase of Perimeter 81.

Technology

The company develops a converged networking and security cloud edge delivered in a software as a service model. It offers global gateway deployment and multi-tenant management, allowing the distributed workforce to securely access company resources, whether these are located in the cloud or on-premises.[12] The platform intends to replace the traditional vpn service with a firewall as a service (FWaaS) solution. It is a user-centric security bearing, dedicated to preventing password theft attacks. It protects online users by using a secure web gateway, replacing multiprotocol label switching and enabling connection between offices via SD-WAN.[9]

Perimeter 81 offers its service through the Ingram cloud marketplace and has partnered with SentinelOne to deliver unified network and endpoint security.[13][14] The company also partnered with SonicWall to incorporate cyber security and firewall features in its secure access service edge (SASE) platform.[15][14] Perimeter 81 was chosen by Gartner as a “cool vendor in network and cyber-physical systems security”,[16] selected by Frost & Sullivan as technology leadership award winner,[17] recognized as one of the 500 fastest-growing tech companies by Deloitte[18] and chosen as a finalist in the Ingram micro comet competition. The company also won the cybersecurity vendor achievement of the year, a cybersecurity breakthrough award[2] and was the finalist in the NYCx cybersecurity moonshot challenge, held by Jerusalem Venture Partners, together with the New York Mayor’s office.[19] It was chosen as one of the five leading companies in zero-trust network access by Forrester Research.[20]

See also

References
  1. About the founders. company site.
  2. Perimeter 81 completes $5 million funding round, Jerusalem Post, March 26, 2019
  3. SonicWall leads $10m round in Perimeter 81, Globes, Yasmin Yablonko, 21 November 2019
  4. "Check Point Software Completes Acquisition of Perimeter 81". Check Point Software. Retrieved 2023-09-19.
  5. Secured network startup Perimeter 81 raises $4.5 million, Calcalist, Elham Nasser Eddin, 11 March 2020
  6. Perimeter81 raises funds at $100m valuation. Globes, Shiri Habib-Valdhorn, 16 Jun, 2020.
  7. Israeli cybersecurity co Perimeter 81 raises $100m at $1b valuation, Globes, Ofir Dor. 6 June 2022.
  8. Perimeter 81 raises $40m at $160m valuationGlobes, Yasmin Yablonko, 11 August 2020.
  9. Crisis, yay or nay; Perimeter 81 becomes a unicorn after raising $100 million. Geektime. Yaneev Avital. 6 June 2022.
  10. Perimeter 81 becomes Israel’s latest cybersecurity unicorn with $100 million Series C, Calcalist, Meir Orbach, June 6, 2022.
  11. Lunden, Ingrid (2023-08-10). "Check Point buys Perimeter 81 for $490M to enhance its security tools for hybrid and remote workers". TechCrunch. Retrieved 2023-08-11.
  12. Review: How Perimeter 81 provides a near plug-and-play network security service, John Breeden II, Insider Pro, August 13, 2019
  13. Perimeter 81 Partners with SentinelOne to deliver fully automated, zero trust network security and endpoint protection, Toolbox, Shruti Umathe, 2019
  14. SonicWall invests in Perimeter 81, MSSP Alert, Joe Panettieri ,November 22, 2019
  15. Perimeter 81 announces $10m Series A funding and SonicWall partnership, Eva Short, Silicon Republic, 21 November 2019
  16. Cool Vendors in Network and Cyber-Physical Systems Security , Gartner, 16 April 2019
  17. Frost & Sullivan recognizes disruptive Industry leaders with its Best Practices Awards, Frost & Sullivan, July 15, 2019
  18. Revolutionizing Network Security for the Mobile Workforce, Deloitte
  19. New York and JVP announce finalists in $1 million startup competition , Adi Pick, Calcalist, August 18, 2019
  20. Perimeter 81 chosen as top five leading company in Zero-Trust Network Access, Calcalist, August 25, 2021
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