PerimeterX Raises $57M in Funding


PerimeterX, a San Mateo, Calif.-based provider of solutions that protect modern web apps at scale, raised $57m in funding.

This growth round financing, which brought total amount of capital raised to $144M, was led by AllianceBernstein with participation from new investors Stereo Capital, JS Capital and Golden Arc Capital, and existing investors Adams Street Partners, Canaan Partners, DTCP, Scale Venture Partners and Vertex Ventures US.

The company intends to use the funds to expand into new geographies and vertical markets.

Led by CEO Omri Iluz, PerimeterX is a provider of solutions that protect modern web apps at scale. Delivered as a service, the company’s Bot Defender, Code Defender and Page Defender solutions detect risks to web applications and proactively manage them, freeing users to focus on growth and innovation.

The company protected over $100 billion in e-commerce revenue in 2020 and processed over 2 billion login requests per day. Last year, they extended capabilities with enhanced blocking for PerimeterX Code Defender to reduce the risk of client-side data breaches, added protection for account takeover attacks, a new verification to give customers choices beyond visual CAPTCHA, and a unified user dashboard to proactively manage new and emerging threats, and expanded their ecosystem with new and enhanced integrations–including with Amazon AWS, Google Cloud Platform (GCP), Microsoft Azure, Snyk, DataDog and Splunk.

PerimeterX also launched the PerimeterX Partner Program to help providers extend their app security portfolio and safely accelerate their customers’ digital transformation. Founding members include Adobe, AWS, Contrast Security, EVOTEK, Fastly, Fishtech Group, Google, GuidePoint Security, Hitachi, Microsoft, Okta, Optiv, Salesforce, Veristor and Yottaa.