Cyera, a data security company founded just three years before its breakout moment, pulled in $600 million during 2024 across two funding rounds. That capital was earmarked for expanding what the company calls its AI-native security trust platform, built specifically for Fortune 1000 enterprises navigating a world where AI systems create as many vulnerabilities as they solve.
The $600 million came in two equal tranches. A $300 million Series C in April 2024 valued the company at $1.4 billion. Six months later, a $300 million Series D doubled that valuation to $3 billion.
From military roots to enterprise security
Cyera was founded in New York by Israeli military veterans Yota Segev, who serves as CEO, and Tamar Bar-Ilan, the company’s CTO. The pair built what’s known in the industry as a Data Security Posture Management platform, or DSPM: software that helps massive companies figure out where their sensitive data lives, who can access it, and whether any of it is exposed to threats they haven’t thought about yet.
The platform covers three core capabilities: data classification, which catalogs what data exists and how sensitive it is; AI systems security, which protects the models and pipelines themselves; and runtime protection, which monitors threats as they happen in real time.
