Data security provider Cyera has announced a $300 million Series D funding round, raising its valuation to $3 billion—more than doubling in just six months. The investment, led by Accel and Sapphire Ventures with participation from Sequoia, Redpoint, Coatue, and Georgian, points to Cyera's rapid growth and solidifies its position in the $23.68 billion data security market.
This round follows a $300 million Series C earlier this year, bringing the company’s total funding to $760 million since its 2021 launch.
As artificial intelligence (AI) adoption grows across industries, businesses face new challenges in securing their data. Cyera’s AI-powered platform addresses these complexities by enabling companies to discover, classify, and safeguard data across cloud, SaaS (News - Alert), and on-premises environments with speed and precision.
Its AI-driven solutions are designed to meet the evolving cybersecurity needs of modern organizations, helping them stay ahead in a rapidly shifting digital landscape.
With this new funding, Cyera said it plans to expand its product offerings, accelerate innovation, and maintain its leadership in data security.
The company says its advantage over the competition is instead of taking years to map and secure sensitive data, it can achieve that in days, offering real-time visibility and automated policy adjustments that scale with growing data environments.
"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. 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," said Yotam Segev, Co-Founder and CEO of Cyera.
In October, Cyera acquired Trail Security, a next-generation data loss prevention (DLP) company, for $162 million. This acquisition enhances Cyera’s Data Security Posture Management (DSPM) solution, equipping it with advanced DLP capabilities and talent from programs like Israel’s Talpiot.Edited by Greg Tavarez
