Perimeter 81, a Tel Aviv, Israel-based Secure Access Service Edge (SASE) and Network as a Service provider, completed a $40m Series B funding round.
The round was led by Insight Partners. In conjunction with the funding, Thomas Krane, Principal at Insight Partners, will be joining the Perimeter 81 board.
The company intends to use the funds to accelerate hiring for multiple positions across its Sales, Marketing and R&D teams, opening a new office in California, and development, furthering its innovation disruption of the traditional VPN and Firewall markets.
Founded in 2018 by CEO Amit Bareket and CPO Sagi Gidali, Perimeter 81 simplifies network security for the modern and increasingly remote and mobile workforce. Its user-centric and highly intuitive Secure Network as a Service enables businesses to secure access to local network resources, cloud environments, and business applications. It also offers user and branch internet security, branch interconnectivity and endpoint security.
In February 2020, the company launched a new Secure Access Service Edge (SASE) platform that combines its Network as a Service offering with advanced cloud security capabilities from SonicWall. Perimeter 81 has launched DNS Filtering, and with SonicWall, will continue to roll out security features to customers throughout 2020, starting with FWaaS.
The company has acquired close to 1,000 customers — including Fortune 500 companies and some of the most prominent organizations in government, entertainment, technology and AI.