PerimeterX Raises $57M For Geographic, Vertical Growth
‘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,’ says PerimeterX CEO Omri Iluz in a statement. By Michael Novinson February 23, 2021, 10:16 AM EST
Application security vendor PerimeterX has raised $57 million to expand its reach beyond the retail e-commerce vertical and strengthen its presence in Europe and Asia-Pacific.
The San Mateo, Calif.-based company said the funding round led by AllianceBernstein will allow it to move into new industries such as financial services where it’s seeing strong customer interest. The funding comes after two of PerimeterX’s top bot management competitors Distil Networks and Shape Security were sold to Imperva and F5 Networks, respectively, in recent years.