Palerra, a cloud security startup, announced $17M in funding today as it continues to build its cloud security automation business.
The round was led by new investors August Capital with current investors Norwest Venture Partners (NVP), Wing Venture Capital and Engineering Capital also participating. Today’s money brings the total investment to $25M.
The cloud service was founded in 2013 and focuses specifically on cloud security automation, according to Palerra CEO Rohit Gupta.
You may wonder why companies would need a third-party cloud security product, but Palerra doesn’t just provide security for a single service, it works as data moves across services and it offers several layers of protection across infrastructure and software services.