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Cybersecurity Unicorn Perimeter 81 Raises $100 Million

Dollar Seedling – Growth Concept – Sprout On Banknotes In Increase

Perimeter 81, a security service edge (SSE) and zero trust network access (ZTNA) provider, has added $100 million in a Series C funding round and increased its valuation to $1 billion. The company will use the funding to explore opportunities to extend its network security market reach, according to a prepared statement.

Furthermore, Perimeter 81 will accelerate the development and distribution of its SSE platform, the company said. It also is hiring for multiple positions across its sales, marketing and research and development teams.

Perimeter 81 Launches Technology Alliance Partner Program

The Series C funding comes after Perimeter 81 in January 2022 announced the Technology Alliance Partner Program for independent software vendors (ISVs) and SaaS companies.

Program partners include:

  • Duo Security
  • Microsoft
  • Okta
  • Ping Identity
  • SentinelOne
  • Splunk

Program partners can leverage Perimeter 81's technology to deliver networking-as-a-service, the business indicated. They also can access Perimeter 81 videos, webinars and other marketing and sales materials.

In addition to its Technology Alliances Partner Program, Perimeter 81 provides a partner program for MSSPs and MSPs. The company may look to expand its MSSP and MSP partner program as well.

A Closer Look at Perimeter 81

Perimeter 81 offers an SSE platform that organizations can use to secure their networks and maintain a decentralized, hybrid workplace, the company noted. The platform empowers organizations to defend their corporate cloud and on-premise networks against cyberattacks.

Along with SASE and ZTNA, the platform offers firewall-as-a-service, secure web gateway and other network security capabilities, Perimeter 81 said. It also provides identity management, zero-trust application access and other features.

Perimeter 81 has over 250 employees  and supports 2,400 customers globally. The company more than doubled its annual recurring revenue year over year in 2021, though actual dollar figures were not disclosed.

Dan Kobialka

Dan Kobialka is senior contributing editor, MSSP Alert and ChannelE2E. He covers IT security, IT service provider business strategies and partner programs. Dan holds a M.A. in Print and Multimedia Journalism from Emerson College and a B.A. in English from Bridgewater State University. In his free time, Dan enjoys jogging, traveling, playing sports, touring breweries and watching football.