PerimeterX grows with $57M funding round for edge security services
PerimeterX last month announced that it has secured $57 million in growth capital funding to expand into new geographies and vertical markets. This brings the total amount of capital raised to $144M. AllianceBernstein led the capital raise, and was joined by new investors Stereo Capital, JS Capital and Golden Arc Capital, with support from existing investors Adams Street Partners, Canaan Partners, DTCP, Scale Venture Partners and Vertex Ventures US.
PerimeterX’ Bot Defender, Code Defender and Page Defender solutions protect modern web apps at scale.
“Our investors deeply believe in our vision of protecting the modern web apps that fuel today’s digital businesses with a single platform that works across hybrid edge-based infrastructure,” noted PerimeterX CEO Omri Iluz. “This latest round of growth financing is a testament to the uniqueness of our vision in the industry. It gives us the runway to extend our market reach beyond our core retail e-commerce vertical into new industries where we see strong uptake such as financial services. And it enables us to further develop geographies where we have a foothold including EMEA and APAC.”
“We see global market opportunities for PerimeterX solutions growing at a rapid pace and gaining strong traction across businesses experiencing an accelerated pace of digital transformation. The cloud-native PerimeterX Platform makes it very simple for customers to integrate PerimeterX products into their existing infrastructure to protect their digital business,” added Abhishek Sud, Managing Director, AllianceBernstein Growth Stage Capital. “We are confident that additional funding will help the company accelerate its innovation and maintain its leadership position.”
The growth capital funding round for PerimeterX caps off a record fiscal year 2021, which ended on January 31, 2021.
Article Topics
Akamai | bot management | CDN | Cloudflare | code vulnerability | content delivery | edge security | PerimeterX
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