Cyera raises $300M at $12B valuation, doubling its worth in five months
Artificial intelligence and data security company Cyera Ltd. has raised $300 million in new funding at a valuation of $12 billion, more than doubling its worth in five months.
Founded in 2021, Cyera’s platform scans cloud accounts, data stores and software-as-a-service applications and maps where a company keeps sensitive information. It then classifies that data by sensitivity and flags where it is exposed. The aim is to let enterprises feed data to AI tools while still tracking who can reach it.
The company operates in a category known as data security posture management, one where investor interest has climbed as breaches increasingly trace back to data companies did not know they had.
The company pitches itself as a consolidator in that market. Chief Executive Yotam Segev told Calcalist in an April interview that Cyera aims to become “the CrowdStrike or Palo Alto Networks of data security,” building a broad platform through acquisition rather than a single point product. That ambition has driven a string of deals adding capabilities in data access governance, classification and AI security.
