Cyera raises $600M at $12B valuation amid flurry of cybersecurity investments
Cyera Ltd., a startup that helps organizations track and secure their data assets, has raised $600 million from investors at a $12 billion valuation.
The company is one of three cybersecurity providers to have disclosed funding rounds today. The other two, Pi Ltd. and Aryon Security Ltd., raised $35 million and $29 million, respectively. The latter deals both included contributions from CrowdStrike Holdings Inc. Chief Executive Officer George Kurtz and the founders of Armis Inc., a well-funded cybersecurity startup.
Word of Cyera’s raise first emerged last Tuesday. The reports that leaked the deal suggested the company would only raise half as much as it eventually did, which hints the round may have drawn more investor interest than anticipated. Evolution Equity Partners led the $600 million Series G round with participation from Accel, AT&T Ventures, Blackstone, Coatue, Spark Capital and others.
Cyera sells an artificial intelligence platform that can scan a company’s systems for sensitive data such as credit card numbers. After identifying an important record, the platform checks whether it’s stored security. Cyera can flag risks such as weak access controls that enable users to download data without logging in.
