Perimeter 81, a zero-trust software security company, has closed a funding round on $5m.
The round was led by UK-based private equity firm Spring Ventures, with participation also coming from unnamed US-based investors. A number of existing shareholders also contributed to the new funding.
With this new line of equity, the company will look to accelerate its growth, and increase its sales and marketing and R&D teams in its Tel Aviv and New York offices. In addition to this, Perimeter 81 will look to build new cloud firewall capabilities.
The cybersurity company offers a holistic and cloud-agnostic solution which provides enterprises with consumable networking capabilities and advanced security measures. Its services are used by finance, healthcare, government and technology industries, helping them to protect operations but also comply with GDPR, SOC 2 and HIPAA.
Clients can instantly deploy the technology and automatically secure their cloud gateways and client applications. Financial institutions can leverage Perimeter 81 to protect their data from cyberattacks by making sure only valid users have access and anomaly checks are completed and malicious players are isolated.
Perimeter 81 CEO and co-founder Amit Bareket said, “The rise of Cloud and Mobility has disrupted network, cloud and application security as we know it. With employees working on the go and from different locations around the world, and companies increasingly moving towards the cloud, the traditional hardware-based legacy appliances of the past are no longer suitable for today’s modern and distributed workforce.
“Perimeter 81’s user-centric Secure Network as a Service, which utilizes the Zero-Trust and Software-Defined Perimeter models, enables businesses to more easily secure access to local network resources, cloud environments, and business applications, with a seamless and highly intuitive SaaS solution.”
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