Data security solutions provider Cyera Ltd. announced today that it has raised $300 million in new funding on a $3 billion valuation to accelerate platform development and make strategic acquisitions.
Founded in 2021, Cyera offers an artificial intelligence-driven data security platform that allows organizations to discover, classify and protect their data across various environments, including cloud, software-as-a-service and on-premises systems. The company’s platform provides real-time visibility into sensitive data access and implements automated policies that adapt dynamically as data environments evolve.
A key component of Cyera’s offering is its data security posture management solution that assists organizations in assessing and enhancing their data security posture. The solution continuously monitors data assets to identify potential risks and vulnerabilities. It also enables proactive remediation to maintain compliance and reduce exposure to threats.
Cyera’s platform also includes advanced data loss prevention capabilities designed to prevent data breaches and unauthorized data transfers. The features help organizations safeguard their sensitive information by detecting and blocking potential data exfiltration attempts.
According to Cyera, its AI-driven platform can complete what competitors take years to accomplish in mere days, providing real-time visibility into sensitive data access and offering automated policies that dynamically adjust as data environments grow.
Cyera has seen strong growth and counts among its customers AT&T Inc., Peloton Interactive Inc., Docusign Inc., Paramount Global, Chipotle Mexican Grill Inc., LifeLabs Medical Laboratory Services and New American Funding.
The Series D round was led by Accel Partners Management and Sapphire Ventures, with Sequoia Capital Operations, Redpoint Ventures Management, Coatue Management and Georgian Partners Growth LP also participating.
“Data security has become the top priority for businesses as they navigate the complexities of a rapidly evolving data landscape shaped by the rise of AI,” said co-founder and Chief Executive Yotam Segev. “This funding enables us to continue accelerating platform development, attracting world-class talent in R&D, sales and marketing, and strategically acquiring solutions that align with our vision for the future of data security.”
With the new round, Cyera has raised $760 million to date, including rounds of $300 million on a $1.4 billion valuation in April and $100 million in June 2023.
Cyera was last in the news in October when it announced it had acquired Israeli data loss prevention company Trail Security Ltd. for $162 million. Trial Security’s DLP capabilities are being integrated with Cyera’s DSPM platform to elevate the platform’s ability to offer a comprehensive, unified data security solution.
Photo: Cyera
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