The $100 million round, led by B Capital, represented a five-fold jump in valuation from its last fundraising in 2020, when Perimeter 81 was valued at $200 million.
The company provides cybersecurity for hybrid/remote workers, including a cloud-based platform that offers products like zero trust network access, Firewall-as-a-Service and VPN-as-a-Service.
Read more: Increasing Demand for Flexibility Will Drive Efficiencies in Remote Hiring
Amit Bareket, Perimeter 81’s CEO and co-founder, said the funding will help the Tel Aviv-based company to create a platform that provides a one-stop shop for corporate network security.
“With employees working from anywhere and businesses moving to the cloud, we’ve doubled down to build a platform where we’ll allow businesses from any size to build a secure corporate network over the internet without installing any physical infrastructure,” Bareket said.
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The company has opened offices in Los Angeles and New York and said it has around 2,400 customers, including IT company Ingram Micro and telehealth provider Hims & Hers.
Although Perimeter 81 initially catered to medium-sized firms with under 5,000 employees, Reuters noted it has become a top player in the zero-trust network access space, which companies have begun investing in more as more employees work from home.
Learn more: Report: Remote is How Two-Thirds of US Professionals Now Work
As PYMNTS reported earlier this year, 45% more consumers — or 70 million more people — now work in a so-called “hybrid” environment, rather than in a traditional office space, compared to before the pandemic.
Our research found that a little more than half of consumers in the United States now divide their workdays between working remotely at home and working at the office, while 44% work from a location other than home.
