Secretive business security firm Apprity has closed $8 million in its first venture funding, according to TechCrunch.
Apprity's first institutional round was led by two long-time security tech investors, Norwest Venture Partners (NVP) senior managing partner Promod Haque and Wing Ventures founding partner Gaurav Garg backed the funding, the report stated.
According to Chief Executive Rohit Gupta, the stealthy company will use the new capital to beef up its engineering and research and development teams, the report detailed.
Haque said of Apprity's founders: "With the many years of experience that these gentlemen have, it gives them a very interesting vantage point to assess the weaknesses of other systems and build something different."
Gupta said enterprises nowadays want to verify when they shift to cloud services. The tools that Apprity is presently working on must be created to address the verify segment. Based on subscriptions to cloud-based software which amount to billions of dollars, businesses have already established their confidence in the cloud, wrote TechCrunch.
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