August Capital leads $17 mln funding of cloud security provider Palerra

Cloud security company Palerra announced it has raised $17 million in Series B funding led by new investor August Capital. Current investors Norwest Venture Partners, Wing Venture Capital and Engineering Capital also participated in the round. Palerra (formerly known as Apprity) emerged from stealth last November and has now raised $25 million in total funding. As part of the Series B funding, Vivek Mehra, general partner at August Capital, has joined the board.

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