Palerra Completes $17M Series B Financing Round
Summary
Palerra, a Santa Clara, CA-based cloud security automation company, completed a $17m Series B financing round.In conjunction with the funding, Vivek Mehra, General Partner at August Capital, joined Palerra’s Board of Directors, which also includes Norwest’s Promod Haque, Wing’s Gaurav Garg and Robert Lentz, former CISO of the US Department of Defense.The company, which has now raised total funding to $25m, intends to use the new capital to increase sales and marketing efforts, as well as to enhance its LORIC platform.Led by Rohit Gupta, founder and CEO, Palerra provides LORIC™, a platform that protects an enterprise’s entire cloud presence from branded applications such as Microsoft Office 365 to infrastructure such as AWS.It combines security configuration management, threat detection, predictive analytics, and automated incident response into the solution, also delivering comprehensive visibility and ensuring continuous compliance.
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