Perimeter 81 closes an extension to its Series A

From: RegTech Analyst

Perimeter 81, a zero-trust secure network, has bagged $4.5m in its Series A extension round, bringing its total funding in 12 months to $19.5m.

The round was led by Toba Capital led the investment, with contributions also coming from previous Perimeter 81 backers.

With the fresh funds, the cybersecurity company will accelerate the development and go-to-market strategy of its platform. In the coming months, the cybersecurity company will add user and branch internet security, branch interconnectivity and endpoint security to its offering.

Perimeter 81 aims to simplify the network security of digital businesses and give them secure access to local network resources, cloud environments and business applications.

Perimeter 81 CEO and Co-Founder Amit Bareket said, “Legacy network infrastructure has proven unable to support the modern security requirements of the modern workforce, creating a global need for unified security and network platforms that are cloud based and easy to use.

“As corporations of all sizes increasingly work in remote environments and rely upon the cloud to run their businesses, they need new ways of consuming security to effectively prevent cyber-attacks regardless of their location or network environment. The investment from Toba Capital will enable Perimeter 81 to grow even faster, add additional security features and fulfil our vision to fully bring network security into the cloud.”

Late last year, the company closed its Series A round, but it did not disclose how much capital it had raised. The funds were supplied by SonicWall, which also signed a commercial original equipment manufacturer agreement with Perimeter 81.

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