PerimeterX Secures $23M in Series B Funding

PerimeterX, a San Mateo, CA-based provider of behavior-based threat protection technology for cloud, web and mobile, secured $23m in Series B funding.

The round was led by Canaan Partners with participation from existing investors Vertex Ventures and Data Collective (DCVC). In conjunction with the funding, Joydeep Bhattacharyya, partner at Canaan Partners, joined PerimeterX’ board.

The company intends to use the funds to accelerate the development of its bot attack prevention technology into new areas and expand in the U.S. and internationally.

Led by Omri Iluz, CEO, PerimeterX provides a web-based bot defender product, analyzing billions of events daily and blocking hundreds of millions of bot attacks every day.
To separate the actions of bots from those of normal users, the solution uses artifical intelligence and machine learning to identify behaviors that are unlikely to represent human actions – for example, landing a mouse directly on a button rather than scrolling towards it up or down the screen. As PerimeterX gathers more information about how people interact with a site, it builds accurate models of what constitutes human versus bot behavior.
This behavior based technology allows PerimeterX to detect the most sophisticated new forms of bot attacks.

PerimeterX’s API integrates with nearly any component of a company’s technology infrastructure. As a result, DevOps teams can incorporate real-time behavioral analytics into their work.

The company’s list of customers includes companies in the Fortune 500, the Alexa Top 500 and the Internet Retailer 100.



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