Less than five years ago, Yotam Segev cofounded Cyera to solve the practical, enterprise-scale problem of data security. Then, the world changed: as the AI boom materialized, data became the essential fuel for corporations to make their AI dreams a reality.
That’s put Cyera in an important position within organizations in need of new frameworks for data security and data management—defending a company’s information from a multitude of new threats, including agentic attacks, while enabling internal data to power new AI applications.
“Our business had legs before AI,” said Segev. “But with AI, it’s got wings.”
The wings are lifting the valuation of Segev’s startup too. In June, Cyera was valued at $6 billion in its seventh funding round. Now, just six months later, Cyera is worth $9 billion. Cyera raised $400 million in its recently closed Series F funding, the company exclusively confirmed to Fortune. Blackstone Growth led the round, with participation from existing investors including Accel, Coatue, Cyberstarts, Georgian, Greenoaks, Lightspeed Venture Partners, Redpoint, Sapphire Ventures, Sequoia Capital, and Spark.
Cyera, which has grown to 1,100 employees, has its roots in Israel, and cofounder and CTO Tamar Bar-Ilan served in Israel’s famed Unit 8200. Cyera’s customers include AT&T, Peloton, Nordstrom, and Chipotle, though the company declined to disclose its current financial results (In June, it said its annual recurring revenue had surpassed $100 million).
