Perimeter 81, an Israel-based cybersecurity firm has raised $100 million in its new funding round and is now valued at above $1 billion, as a unicorn.
- The funds will be used to develop its products toward achieving its plans to build a platform that offers one-stop solutions for corporate network security.
- Perimeter 81 provides secure network solutions for the hybrid workforce through its cloud-based platform: Zero Trust Network Access, Firewall as a Service (FaaS), and VPN as a Service (VaaS).
- The firm last raised funds in August 2020 at a $200 million valuation and has now doubled its year-on-year annual recurring revenue.
- B Capital led the new funding round with participation from ION Crossover Ventures and Insight Partners.