{"id":441777,"date":"2021-02-23T08:03:33","date_gmt":"2021-02-23T13:03:33","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=441777"},"modified":"2021-02-23T08:03:33","modified_gmt":"2021-02-23T13:03:33","slug":"perimeterx-raises-57m-in-growth-capital-funding-to-fuel-expansion-into-new-geographies-and-verticals","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/perimeterx-raises-57m-in-growth-capital-funding-to-fuel-expansion-into-new-geographies-and-verticals\/","title":{"rendered":"PerimeterX Raises $57M in Growth Capital Funding to Fuel Expansion Into New Geographies and Verticals"},"content":{"rendered":"

\n50 New Customer Wins Propel Revenue Milestones and Record Year
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SAN MATEO, Calif., Feb. 23, 2021 (GLOBE NEWSWIRE) — PerimeterX, the leading provider of solutions that protect modern web apps at scale, today announced that it has secured $57 million in growth capital funding to expand into new geographies and vertical markets. This growth round financing 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 strong support from existing investors Adams Street Partners, Canaan Partners, DTCP, Scale Venture Partners and Vertex Ventures US.<\/p>\n

\u201cOur investors deeply believe in our vision of protecting the modern web apps that fuel today\u2019s digital businesses with a single platform that works across hybrid edge-based infrastructure,\u201d said PerimeterX CEO Omri Iluz. \u201cThis 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.\u201d<\/p>\n

\u201cWe 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,\u201d said Abhishek Sud, Managing Director, AllianceBernstein Growth Stage Capital. \u201cWe are confident that additional funding will help the company accelerate its innovation and maintain its leadership position.\u201d<\/p>\n

The growth capital funding round for PerimeterX caps off a record fiscal year 2021, which ended on January 31, 2021.<\/p>\n

\n Customer growth: <\/strong>PerimeterX grew its customer base by 50 logos, including some of the top brands in retail e-commerce and financial services, including:<\/p>\n