Cloud and IT security vendor Palerra recently announced new User Behavior Analytics capabilities for its LORIC platform as well as an integration with Okta, the identity management vendor. LORIC’s User Behavior Analytics capabilities enable the platform to dynamically assign risk scores to users by leveraging LORIC’s machine learning analytics and continuous assessment of user behavior. The assignment of risk scores to users as a result of enhanced advanced analytics and threat detection capabilities means that Palerra customers can now perform deep forensic analysis on user behavior to proactively identify risky user behavior and anomalous patterns of behavior before they escalate into actual security breaches. Importantly, UBA analytics are available across all cloud profiles protected by the LORIC platform, thereby allowing Palerra to examine UBA on platforms such as Amazon, Box and Salesforce via a single pane of glass. Meanwhile, Palerra’s integration with Okta allows customers to enjoy the benefits of Okta’s identity management and access control functionality in ways that complement and bolster its risk score-based advanced analytic functionality for understanding user behavior.
Cloud security vendor Palerra recently announced enhanced support for Amazon Web Services in the form of its LORIC for AWS platform. Palerra’s LORIC for AWS solution delivers IT monitoring and remediation for a suite of AWS products and services including EC2, S3 and EBS. In contrast to cloud security products that adopt a siloed approach to protecting discrete AWS products, LORIC delivers integrated protection for AWS customers across all of the AWS products and services used in their deployments. Because LORIC’s breach detection and breach response solutions leverage unified behavioral analytics across a range of AWS products, customers stand to benefit from its ability to proactively detect aberrant behavior in one AWS product before it has the opportunity to effect deleterious downstream repercussions on other products. LORIC for AWS boasts threat detection capabilities, administration monitoring, user activity monitoring, configuring monitoring, usage visibility, pre-configured compliance reports and incident response functionality. The platform’s advanced analytics and machine learning capabilities have the capacity to detect notable deviations from baseline user activity profiles and automate the execution of remediation plans as necessary. Palerra’s automated monitoring and remediation functionality also facilitates compliance assessments and attestations that allow customers to dispense with manual audits and run compliance-related reports instead. In addition to AWS, Palerra’s LORIC platform supports Salesforce, Box, Microsoft 365 and ServiceNow as the battle for leadership in SaaS-focused cloud security heats up, particularly in light of the recent Ashley Madison hack that threatens to compromise the names of thousands of users.
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.