Check Point buys Perimeter 81 for $490M to enhance its security tools for hybrid and remote workers

There is yet more M&A coming out of the security industry. In the latest development, Check Point, the enterprise cybersecurity company, has picked up Perimeter 81 to beef up its tools for remote and hybrid workers. Check Point will pay around $490 million for thon a “cash free, debt free” basis for the Israeli startup, it said in a statement today.
The acquisition is coming amid a major funding crunch for startups, particularly those looking to raise larger growth rounds. Perimeter 81’s exit is coming at a big discount to its last valuation: it raised $100 million in Jun

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