Perimeter 81: SonicWall Partnership, Business Growth
Perimeter 81 previously raised $25 million from its seed investor Spring Ventures led by Aviv Refuah, and Series A investors SonicWall and Toba Capital. The company also partners with SentinelOne.Perimeter 81's SASE platform combines its Network as a Service offering with cloud security capabilities from SonicWall, the company notes.The startup now has closely to 1,000 customers, and annual recurring revenue (ARR) has grown 400 percent -- though actual dollar figures were not disclosed so it's difficult to put the growth rate in proper context.The company plans to hire across Sales, Marketing and R&D teams, and is opening a new office in California.Insight Partners Invests In Perimeter 81: Executive Perspectives
“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. We are thrilled that Insight Partners embraces our vision and shares our belief in the importance of forever transforming the way organizations are consuming cyber and network security.”
“We’ve had a long relationship with Insight Partners and have always been closely aligned on the significance of strong SaaS offerings and the value they bring to the market. We are confident that in working together, we can continue to develop highly innovative network security solutions and further disrupt this industry.”
“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. “Perimeter 81 has successfully solved this challenge by bringing the security requirements of Fortune 500 companies into an accessible cloud-based platform suited for the remote workforce. We are thrilled to continue our commitment to the Israeli cyber ecosystem and partner with Amit, Sagi, and the rest of the team on the next phase of their ScaleUp journey.”
