Cyera Secures $540 Million in Funding, Valuation Soars to $6 Billion Amid AI-Driven Data Security Boom

Israeli data security firm Cyera raises $540 mln, valued at $6 bln

JERUSALEM, June 11 (Reuters) - Israeli data security startup Cyera said on Wednesday it raised $540 million in a late-stage private funding round to bring its valuation to $6 billion. Cyera, whose platform is powered by AI, said it would use the funds to grow and scale its data security platform and capabilities to "meet growing global demand for secure, responsible AI adoption in today's AI-driven enterprise." The round was led by Georgian, Greenoaks, and Lightspeed Venture Partners, alongside existing investors Accel, Coatue, Cyberstarts, Redpoint, Sapphire, Sequoia Capital and Spark, the company said. Reporting by Steven Scheer Our Standards: The Thomson Reuters Trust Principles., opens new tab Suggested Topics:Cybersecurity

AI-native data security firm Cyera raises $540M at $6B valuation - SiliconANGLE

Data security solutions provider Cyera Ltd. announced today it raised $540 million in Series E funding, doubling its valuation to $6 billion. The round, led by Georgian, Greenoaks and Lightspeed Venture Partners, comes around six months after the company raised $300 million. Existing investors Accel, Coatue, Cyberstarts, Redpoint, Sapphire Ventures, Sequoia Capital and Spark Capital also participated in the round. Founded in 2021, Cyera offers an artificial intelligence-driven platform for organizations that allows them to discover, classify and protect sensitive data within their systems and safely build with AI applications, copilots and foundation models. The company says data security is becoming an increasing demand amid the scale of risks and threat surfaces that have appeared in the "AI era" where vulnerabilities and leaks abound. Cyera's solution provides continuous monitoring of data assets to identify risks and vulnerabilities. It also suggests proactive remediation to maintain compliance, reduce exposure to threats, prevent data breaches and unauthorized data transfers. "Investors are doubling down where the market is moving and where there is proven traction. AI runs on GPUs and data," said Yotam Segev, co-founder and chief executive of Cyera. "Cyera's focus on data security is the most critical capability the enterprise needs to adopt AI responsibly." The company said that its ongoing growth over the past 18 months highlights the scale of the opportunity in the market. The company achieved 353% year-over-year growth among Fortune 500 customers and expanded its operations to over 10 countries, more than doubling its size by growing to over 800 employees worldwide. Last October, the company also announced it acquired Israeli data loss prevention company Trail Security Ltd. for $162 million. The acquisition led to the launch of the company's Omni DLP product, which will be used to elevate enterprise AI-native solutions for comprehensive data loss protection. The global data protection industry was valued at $150.4 billion in 2024, according to a report from market analysis firm Fortune Business Insights. The market is expected to grow from $172 billion in 2025 to $505 billion in 2032. North America dominates the global data projection market with a share of over 32% in 2024. Cyberattacks and data breaches have become increasingly common, with severe consequences. In 2024, IBM reported that the average cost of a data breach globally was around $4.88 million. "Enterprises are drowning in data, scattered across clouds, databases, and applications, often unaware of where their most sensitive information actually lives," said Patrick Backhouse, partner at Greenoaks. "AI has turned this blind spot into an existential risk." Cyera said the latest round would be used to maintain its growth momentum in new and existing strategic markets globally and build product offerings on the security platform through acquisitions, hiring key talent and developing new capabilities.

Israeli data security firm Cyera raises $540 million, value doubles to $6 billion

Cyera said that over the past 18 months, it posted 353% growth in Fortune 500 companies, expanded to 10 countries and more than doubled its size to nearly 800 employees globally. In that time it has raised $1.3 billion and its valuation has jumped 12 times.Israeli data security startup Cyera said on Wednesday it raised $540 million in a late-stage private funding round that doubled its valuation to $6 billion over the past seven months. Cyera, whose platform is powered by AI, said it would use the funds to grow and scale its data security platform and capabilities. As enterprises rapidly embrace generative AI, copilots, and foundation models, securing the data that powers those systems has become a top priority, it added. "Across the board, we're hearing the need for enterprises to push hard on AI, yet they must move fast without compromising security and control," said co-founder and CEO Yotam Segev. "Cyera's focus on data security is the most critical capability the enterprise needs to adopt AI responsibly." The round was led by Georgian, Greenoaks, and Lightspeed Venture Partners, alongside existing investors Accel, Coatue, Cyberstarts, Redpoint, Sapphire, Sequoia Capital and Spark, the company said. In November, Cyera - founded in 2021 - raised $300 million for a total valuation of $3 billion. Cyera said that over the past 18 months, it posted 353% growth in Fortune 500 companies, expanded to 10 countries and more than doubled its size to nearly 800 employees globally. In that time it has raised $1.3 billion and its valuation has jumped 12 times. Last October the company acquired Trail Security for $162 million.