{"id":13500,"date":"2015-04-09T08:53:40","date_gmt":"2015-04-09T08:53:40","guid":{"rendered":"http:\/\/www.businesscloudnews.com\/?p=221462"},"modified":"2015-04-09T08:53:40","modified_gmt":"2015-04-09T08:53:40","slug":"cloud-security-vendor-palerra-scores-17m","status":"publish","type":"post","link":"https:\/\/icloud.pe\/blog\/cloud-security-vendor-palerra-scores-17m\/","title":{"rendered":"Cloud security vendor Palerra scores $17m"},"content":{"rendered":"<div id=\"attachment_156572\" class=\"wp-caption alignright\" style=\"width: 310px\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-156572\" alt=\"Palerra is among a number of cloud security startup combining predictive analytics and machine learning algorithms to bolster cloud security\" src=\"http:\/\/www.businesscloudnews.com\/wp-content\/blogs.dir\/122\/files\/2013\/09\/Cybersecurity2-300x225.jpg\" width=\"300\" height=\"225\" \/><\/p>\n<p class=\"wp-caption-text\">Palerra is among a number of cloud security startups combining predictive analytics and machine learning algorithms in clever ways<\/p>\n<\/div>\n<p>Cloud security vendor Palerra has secured $17m in series B funding, a move the company said would help accelerate sales and marketing efforts around its predictive analytics and threat detection services.<\/p>\n<p>Palerra\u2019s flagship service, Loric, combines threat detection and predictive analytics in order to provide automatic incident response and remediation for malicious traffic flowing to a range of cloud services and platforms.<\/p>\n<p>Over the past few years we\u2019ve seen a flurry of cloud security startups emerge, which all deploy analytics and machine learning algorithms to cleverly detect perceived and actual threats and respond in real-time, so it would seem enterprises are starting to become spoilt with choice.<\/p>\n<p>The $17m round was led by August Capital, with participation from current investors Norwest Venture Partners (NVP), Wing Venture Capital and Engineering Capital, and brings the total amount secured by the firm to $25m.<\/p>\n<p>The funds will be used to bolster sales and marketing efforts at the firm.<\/p>\n<p>\u201cThe dramatic rise in adoption of cloud services by today\u2019s enterprises against the backdrop of our generation\u2019s most potent cyber threats has necessitated a new approach. LORIC was designed to meet these threats head on and this new round underscores our commitment to deliver the most powerful cloud security solution in the industry,\u201d said Rohit Gupta, founder and chief executive officer of Palerra.<\/p>\n<p>\u201cAs the perimeter disintegrates into a set of federated cloud-based and on-premises infrastructures, effective monitoring becomes almost impossible, unless security controls are embedded in these heterogeneous environments. This will require enterprises to reconsider and possibly redesign their security architecture and corresponding security controls by placing those controls in the cloud,\u201d Gupta added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cloud security vendor Palerra has secured $17m in series B funding, a move the company said would help accelerate sales and marketing efforts around its predictive analytics and threat detection services.<\/p>\n","protected":false},"author":105,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1178,952,1142,1384,1976,2243,2244,2245],"tags":[118],"class_list":["post-13500","post","type-post","status-publish","format-standard","hentry","category-analytics","category-cloud-security","category-funding","category-machine-learning","category-news-analysis","category-norwest-venture-partners-nvp","category-palerra","category-wing-venture-capital-and-engineering-capital","tag-security"],"_links":{"self":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/13500","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/users\/105"}],"replies":[{"embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/comments?post=13500"}],"version-history":[{"count":1,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/13500\/revisions"}],"predecessor-version":[{"id":13501,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/13500\/revisions\/13501"}],"wp:attachment":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/media?parent=13500"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/categories?post=13500"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/tags?post=13500"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}