Security News > 2020 > August > Perimeter 81 raises $40M to support growth and accelerate hiring and development

The financing will help support Perimeter 81's rapid growth and accelerate the company's hiring and development, furthering its disruption of the traditional VPN and Firewall markets.

"With COVID-19, we witnessed an incredible surge in the demand for our services as the transition to remote work - which occurred virtually overnight - illuminated the need for companies worldwide to depart from their legacy hardware-based security and fully embrace a holistic, cloud edge network," said Perimeter 81 co-founder and CEO, Amit Bareket.

Named a Deloitte Technology Fast for EMEA and a Gartner Cool Vendor, Perimeter 81 has gained immediate market traction and quickly acquired close to 1,000 customers - including Fortune 500 companies and some of the most prominent organizations in government, entertainment, technology and AI. "Over the last few months, companies globally have been forced to initiate a distributed workforce model with the need for employees to securely connect to their company's network and online resources," said Thomas Krane, Principal at Insight Partners who will be joining the Perimeter 81 board.

In February 2020, Perimeter 81 unveiled a new Secure Access Service Edge 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 is rapidly expanding, hiring for multiple positions across its Sales, Marketing and R&D teams, and is opening a new office in California.

News URL

http://feedproxy.google.com/~r/HelpNetSecurity/~3/O8WOLrOUlw0/