Cloud Security Automation Vendor Palerra Raises $17M In Series B Funding

Palerra today announces the finalization of $17M in Series B funding in a round led by new investor August Capital with additional participation from Norwest Venture Partners (NVP), Wing Venture Capital and Engineering Capital. Palerra’s LORIC platform leverages machine learning and advanced analytics to deliver a security solution that can tackle the challenges specific to an ephemeral cloud infrastructure landscape in which infrastructure and attendant applications are rapidly provisioned and de-provisioned. In contrast to basing its security solution around perimeter defense, LORIC focuses on tackling security at its source by collecting data to establish baselines and understand trends within a specific infrastructure environment. Moreover, Palerra’s strong partnerships allow it to deliver native cloud security for vendors such as Amazon Web Services, Microsoft Office 365 and Salesforce. Because 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. Named as a Gartner Cool Vendor for Risk Management in 2015, Palerra can claim significant progress since it emerged from stealth in November 2014 as validated by today’s $17M capital raise. Today’s funding raise brings the total capital raised by Palerra to $25M. With an extra $17M in the bank, expect Palerra to aggressively enhance LORIC with advanced analytics that proactively identify, detect and remediate the increasingly heterogeneous manifestations of security threats within enterprise IT.

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