Cyera, a leader in AI-driven data security, has raised $300m in its Series D funding round, achieving a valuation of $3bn.
The round was led by Accel and Sapphire Ventures, with additional investments from Sequoia, Redpoint, Coatue, and Georgian. This marks a significant milestone for the company, doubling its valuation in just six months.
Founded in 2021, Cyera provides an advanced platform powered by AI and machine learning, enabling organisations to secure their data across various environments. The platform offers real-time data discovery, classification, and protection across cloud, SaaS, and on-premises systems, addressing the pressing challenges posed by the rapid rise of AI adoption.
The funding will be used to accelerate Cyera’s platform development, attract top talent in R&D, sales, and marketing, and pursue strategic acquisitions that align with its vision for the future of data security.
Co-founder and CEO Yotam Segev said, “We are excited to have the continued support of our investors as we push the boundaries of innovation and scale the world’s leading AI-driven data security platform.
“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.”
Cyera’s recent acquisition of Trail Security for $162m highlights its commitment to innovation. The deal enhances Cyera’s Data Security Posture Management (DSPM) solution and strengthens its team with top-tier engineering talent. This addition bolsters Cyera’s ability to tackle complex security challenges faced by large enterprises.
Philippe Botteri, partner at Accel, said, “This is the third round that Accel leads as Cyera continues to reinvent enterprise data security.
“Their initial DSPM product has now become a data security platform—including new capabilities like identity access and DLP. This team is an innovation powerhouse, and we are thrilled to be one of their largest investors.”
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