Perimeter 81

CybersecurityIsrael
🀝 Acquired
PeakΒ $1 BillionToday
~-50%
from peak
  1. πŸ¦„
    Became a unicorn
    2022
  2. πŸ“ˆ
    Peak valuation
    $1 Billion ’22
  3. πŸ’”
    Became a Unitard
    2023
  4. πŸ’Έ
    Last valuation
    ~$500M
Current status
Check Point $490M (2023)

How it happened

Perimeter 81 was an Israeli cybersecurity company offering cloud-based secure network access (SASE/zero-trust), reaching unicorn status with a ~$1B valuation in 2022. As the funding environment tightened, it was acquired by Check Point Software in 2023 for under $500 million, below its peak. Glassdoor reviews from that stretch fit the arc: even amid mostly upbeat notes on the culture, employees described economy-driven pay pressure β€” softer, below-market compensation β€” in late 2022, and β€” after the Check Point deal closed β€” several longtime staff said the startup feel gave way to a heavier, more bureaucratic corporate environment, with a few remarking the original company had all but faded inside the acquirer.

Employee accounts paraphrase anonymous, unverified reviews posted publicly on Glassdoor β†—. See our methodology.

Source: SecurityWeek; Check Point acq. $490M, Aug 2023

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