Cloud security company Apprity raises $8 million in funding

The stealthy business security company Apprity, launched by two former Oracle employees, has raised $8 million in its first institutional financing. For its first venture round, Apprity turned to seasoned security technology investors Promod Haque, a senior managing partner at Norwest Venture Partners, and Gaurav Garg, a founding partner of Wing Ventures. The last time these two investors came together on a deal, the result was the tech security darling FireEye, which held its initial public offering in September 2013, nine years after its launch. “The reality is most traditional approaches involve a perimeter-centric mindset, whether it is proxy-based or server-based,” said Apprity’s Chief Executive Rohit Gupta, who previously worked as VP of Products in the identity management and security group at Oracle.