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May - 2015 - Special issue > Venture Chakra

Palerra Raises $17 Million to Fund Cloud Security Automation Efforts

SI Team
Wednesday, May 13, 2015
SI Team
Security automation vendor Palerra closed a new $17 million Series B round of funding on April 8, bringing the total funding for the company to $25 million. The Series B funding round included the participation of August Capital, Norwest Venture Partners (NVP), Wing Venture Capital and Engineering Capital.

Palerra was founded in 2013 with a focus on security automation for the cloud. Rohit Gupta, founder and CEO of Palerra, said there are three key trends that drove him to help create Palerra: the increase in cloud adoption and security threats, and the corresponding decrease in the availability of skilled IT security professionals.

"We offer a simple software-as-a-service [SaaS] platform, and we give clients the ability to model threats, and discover breaches and issues in their cloud applications," Gupta delineates. "On the basis of what we find, we allow customers to orchestrate the incident response."

With Palerra, enterprises gain comprehensive threat visibility, sustainable compliance and actionable incident response for their entire cloud footprint, from branded applications such as Microsoft Office 365 to infrastructure like Amazon Web Services. Since Palerra can deliver cloud security automation across a variety of infrastructures and applications from within a unified console, it streamlines the implementation and management of cloud security while enhancing risk and compliance management initiatives. Palerra's key differentiator hinges on the machine learning-based quality of its LORIC platform that iteratively responds to security threats by analyzing potential threats within the larger context of massive volumes of historical data about the environment in question.

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