Perimeter 81, a Secure Access Service Edge (SASE) and Network as a Service provider, has announced that it has completed a USD 40 million Series B round led by Insight Partners, the company said.
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.
Perimeter 81 simplifies network security for the modern and increasingly remote and mobile workforce. Since its 2018 inception, the company has emerged as a provider of Secure Access Service Edge (SASE), growing over 400% in annual recurring revenue year-over-year. Perimeter 81 has previously raised USD 25 million from its seed investor Spring Ventures led by Aviv Refuah, and Series A investors SonicWall and Toba Capital. Three rounds of funding were completed in under eight months as a result of the high demand for the company´s solutions and exponential customer growth across all major geographies.
Insight Partners is a global venture capital and private equity firm investing in high-growth technology and software ScaleUp companies that are driving transformative change in their industries. Founded in 1995, Insight Partners has invested in more than 400 companies worldwide and has raised through a series of funds more than USD 30 billion in capital commitments. For more information on Insight and all its investments, visit www.insightpartners.com or follow on Twitter @insightpartners.
Perimeter 81 is a Secure Access Service Edge (SASE) provider. To learn more visit www.perimeter81.com or follow us on LinkedIn.