Cyera, a company that specialises in cloud data security, has arisen from stealth with $60m in funding to lead the ‘data-first revolution’ in cloud security.
The round was led by Sequoia Capital and saw participation from Accel, Cyberstarts and the CMO Emeritus of Palo Alto Networks René Bonvanie, who also joined the Cyera board.
Founded in 2020, Tel Aviv-based Cyera is a cloud-native data security platform that instantly and automatically discovers all of a company’s data across clouds and datastores and then determines which of that data is sensitive and where it is most at risk.
The company’s platform can be connected to a firm’s cloud footprint in minutes, regardless of the underlying data technologies and map all datastores in the cloud, shining a light on the places that security trams may not have been able to see before. Cyera then parses and classifies this data and then surfaces the highest priority risks for remediation with suggested courses of action.
Cyera claims it will use the investment to develop the functionality and feature of its cloud data security platform and incorporate feedback from customers over the following months.
Cyera co-founder and CEO Yotam Segev said, “The hands-on experience leading Unit 8200’s cloud security initiative gave us a real sense of both the promise and the challenges in this space. We saw just how fast data moved, replicated, and multiplied in the cloud, and how traditional approaches simply couldn’t keep pace.”
Copyright © 2022 RegTech Analyst
Copyright © 2018 RegTech Analyst
